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

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reiterated by investment analysts at BTIG Research in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $27.00 target price on the blue-jean maker’s stock. BTIG Research’s price target suggests a potential upside of 37.45% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. Barclays lifted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Wall Street Zen raised shares of Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 20th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $25.00 target price on shares of Levi Strauss & Co. in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Raymond James Financial increased their price target on Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Trading Down 0.5%

Shares of LEVI stock traded down $0.11 on Wednesday, reaching $19.64. 119,650 shares of the stock were exchanged, compared to its average volume of 2,606,733. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.98. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70. The stock has a market cap of $7.56 billion, a PE ratio of 12.09, a P/E/G ratio of 1.31 and a beta of 1.32. The stock has a 50 day moving average price of $21.88 and a 200 day moving average price of $22.07.

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

Insider Buying and Selling at Levi Strauss & Co.

In other news, EVP Harmit Singh sold 98,144 shares of the company’s 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 completion of the transaction, the executive vice president owned 98,747 shares in the company, valued at $2,391,652.34. This represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors have recently added to or reduced their stakes in the stock. Nykredit A S bought a new position in Levi Strauss & Co. during the 2nd quarter worth about $36,000. Essential Partners LLC lifted its holdings in shares of Levi Strauss & Co. by 42.1% in the second 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 in the last quarter. 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 acquired a new position in shares of Levi Strauss & Co. during the second quarter worth about $127,000. Finally, Fifth Third Bancorp grew its holdings 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 in the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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.