Levi Strauss & Co. (NYSE:LEVI) Earns Buy Rating from Needham & Company LLC

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reiterated by equities research analysts at Needham & Company LLC in a research report issued on Thursday, MarketBeat Ratings reports. They currently have a $28.00 price objective on the blue-jean maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 15.18% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of Levi Strauss & Co. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. UBS Group raised their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Telsey Advisory Group increased their price target on Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Finally, BTIG Research reissued a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.46.

Levi Strauss & Co. Stock Up 2.0%

Shares of NYSE:LEVI opened at $24.31 on Thursday. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.75 and a beta of 1.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.97. The business’s 50-day moving average is $23.13 and its 200-day moving average is $21.65. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $25.58.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion during 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 revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Equities research analysts predict that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Insider Activity at Levi Strauss & Co.

In related news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the sale, the insider directly owned 145,662 shares in the company, valued at approximately $3,497,344.62. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total value of $1,145,781.21. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,468,570 shares of company stock valued at $34,136,152. 1.08% of the stock is owned by insiders.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. purchased a new position in Levi Strauss & Co. in the second quarter valued at about $233,000. Eastern Bank purchased a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $60,854,000. Amundi increased its stake in shares of Levi Strauss & Co. by 73.3% during the 1st quarter. Amundi now owns 18,828 shares of the blue-jean maker’s stock worth $348,000 after purchasing an additional 7,963 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Levi Strauss & Co. by 25.6% in the 1st quarter. California State Teachers Retirement System now owns 107,325 shares of the blue-jean maker’s stock worth $1,984,000 after purchasing an additional 21,853 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of Levi Strauss & Co. by 117.2% in the 1st quarter. Royal Bank of Canada now owns 358,797 shares of the blue-jean maker’s stock worth $6,635,000 after purchasing an additional 193,607 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Key Levi Strauss & Co. News

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Levi Strauss beat Q2 estimates with revenue of $1.56 billion and EPS of $0.28, while also raising full-year sales and earnings guidance, signaling solid demand and improving fundamentals. Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
• Positive Sentiment: The board announced a 14.3% quarterly dividend increase to $0.16 per share, and a separate dividend-hike roundup highlighted LEVI as one of the companies boosting payouts during volatile markets. 3 Stocks in Focus That Declared Dividend Hikes Amid Ongoing Volatility
• Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings, reinforcing the view that the post-earnings pullback may be overdone. Levi Strauss & Co. Given Buy Rating at BTIG Research

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.