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

Levi Strauss & Co. (NYSE:LEVI) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. TD Cowen reaffirmed a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, May 27th. Telsey Advisory Group increased their price objective on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Levi Strauss & Co. in a report on Monday, August 3rd. Finally, Raymond James Financial boosted their target price on Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Stock Down 0.3%

Shares of Levi Strauss & Co. stock opened at $19.77 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60. The stock has a market capitalization of $7.61 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The company has a 50-day simple moving average of $22.42 and a two-hundred day simple moving average of $22.05.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results 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 net margin of 9.66% and a return on equity of 25.79%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The business’s revenue for the quarter 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. On average, analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Harmit Singh sold 98,144 shares of the stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the transaction, the executive vice president directly owned 98,747 shares of the company’s stock, valued at $2,391,652.34. This represents a 49.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.08% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

A number of hedge funds have recently bought and sold shares of LEVI. The Manufacturers Life Insurance Company increased its position in shares of Levi Strauss & Co. by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock valued at $40,834,000 after purchasing an additional 7,827 shares during the last quarter. Engineers Gate Manager LP lifted its stake in shares of Levi Strauss & Co. by 74.3% in the 2nd quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock worth $20,152,000 after purchasing an additional 345,855 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth approximately $127,000. Nykredit A S purchased a new position in shares of Levi Strauss & Co. in the second quarter worth approximately $36,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Levi Strauss & Co. during the second quarter valued at approximately $900,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, jackets, footwear, accessories and other casualwear, sold through company-operated stores, digital channels, wholesale partners and distributors.

Founded in 1853 by Levi Strauss, the company is headquartered in San Francisco, California. In addition to Levi’s, its brand portfolio includes Dockers, Beyond Yoga, Signature by Levi Strauss & Co and Denizen.