Levi Strauss & Co. (NYSE:LEVI) Raised to “Buy” at Wall Street Zen

Levi Strauss & Co. (NYSE:LEVI) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus upped their price target on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Barclays boosted their price objective on Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Morgan Stanley upped their target price on Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Zacks Research lowered Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, UBS Group boosted their price target on Levi Strauss & Co. from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 10th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.42.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $21.97 on Friday. The business has a fifty day moving average of $21.37 and a 200 day moving average of $20.81. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. The firm has a market capitalization of $8.59 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Insider Activity at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.25% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently added to or reduced their stakes in LEVI. Jones Financial Companies Lllp boosted its holdings in Levi Strauss & Co. by 10.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock worth $151,000 after buying an additional 614 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Levi Strauss & Co. by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,094 shares of the blue-jean maker’s stock worth $639,000 after acquiring an additional 806 shares in the last quarter. US Bancorp DE lifted its position in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 833 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Levi Strauss & Co. by 7.5% in the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock worth $254,000 after acquiring an additional 1,133 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.