Levi Strauss & Co.’s (LEVI) “Buy” Rating Reiterated at BTIG Research

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating restated by research analysts at BTIG Research in a note issued to investors on Wednesday, Benzinga reports. They currently have a $27.00 price objective on the blue-jean maker’s stock. BTIG Research’s price target would indicate a potential upside of 36.71% from the company’s current price.

A number of other analysts have also recently commented on LEVI. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Barclays boosted their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research note on Wednesday, September 23rd. Citigroup increased their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Stock Down 0.3%

NYSE:LEVI opened at $19.75 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Levi Strauss & Co. has a 12-month low of $17.72 and a 12-month high of $25.70. The stock’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $22.07. The firm has a market capitalization of $7.60 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.31 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Equities research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Insider Buying and Selling

In other Levi Strauss & Co. news, EVP Harmit Singh sold 98,144 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the transaction, the executive vice president owned 98,747 shares of the company’s stock, valued at approximately $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors have recently added to or reduced their stakes in the stock. Nykredit A S acquired a new position in Levi Strauss & Co. in the 2nd quarter worth $36,000. Essential Partners LLC raised its stake in shares of Levi Strauss & Co. by 42.1% in the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock valued at $45,000 after purchasing an additional 532 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Levi Strauss & Co. by 417,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,180 shares of the blue-jean maker’s stock valued at $87,000 after purchasing an additional 4,179 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Levi Strauss & Co. in the second quarter valued at about $127,000. Finally, Fifth Third Bancorp boosted its position in shares of Levi Strauss & Co. by 212,880.0% during the first quarter. Fifth Third Bancorp now owns 10,649 shares of the blue-jean maker’s stock worth $197,000 after buying an additional 10,644 shares during the period. 69.14% of the stock is owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co is an apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, bottoms, jackets, footwear, accessories and other casualwear for men, women and children.

Founded in 1853 and headquartered in San Francisco, California, the company also owns the Dockers, Beyond Yoga and Signature by Levi Strauss & Co brands. Levi Strauss & Co sells its products through company-operated stores, e-commerce platforms, wholesale partners and other distribution channels.

The company serves customers in North America, Europe, Asia and other international markets.