Levi Strauss & Co. (NYSE:LEVI) Receives Buy Rating from BTIG Research

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reaffirmed by stock analysts at BTIG Research in a note issued to investors on Thursday,Benzinga reports. They presently have a $27.00 price objective on the blue-jean maker’s stock. BTIG Research’s target price would suggest a potential upside of 10.75% from the company’s current price.

LEVI has been the topic of several other research reports. Raymond James Financial upped 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. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Telsey Advisory Group upped their target price on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Finally, Citigroup raised their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Thirteen investment 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 stock presently has an average rating of “Moderate Buy” and an average target price of $27.21.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $24.38 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97. The company has a 50 day moving average price of $23.05 and a 200 day moving average price of $21.61. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.58. The stock has a market capitalization of $9.38 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.85 and a beta of 1.33.

Levi Strauss & Co. (NYSE:LEVI) last announced 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. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Analysts forecast that Levi Strauss & Co. will post 1.51 EPS for the current year.

Insider Buying and Selling

In other Levi Strauss & Co. news, major shareholder Robert D. Haas sold 488,851 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total value of $3,497,344.62. Following the transaction, the insider owned 145,662 shares in the company, valued at approximately $3,497,344.62. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,468,570 shares of company stock valued at $34,136,152 over the last three months. Company insiders own 1.08% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Levi Strauss & Co. by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock valued at $193,312,000 after purchasing an additional 342,009 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after buying an additional 3,979,223 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Levi Strauss & Co. by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after buying an additional 1,296,474 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Levi Strauss & Co. by 9.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock worth $80,564,000 after buying an additional 294,053 shares during the period. Finally, Eastern Bank acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth $60,854,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Levi Strauss & Co.

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

• Positive Sentiment: Levi Strauss beat Q2 estimates on both revenue and earnings, with sales up 8% year over year and direct-to-consumer sales growing strongly, showing healthy demand for the brand. Levi Strauss & Co. Reports Second-Quarter Results
• Positive Sentiment: The company raised full-year guidance again and increased its quarterly dividend, signaling management confidence in the business outlook. Levi Strauss beats quarterly expectations, raises guidance and dividend
• Neutral Sentiment: Levi’s ongoing shift toward a DTC-first model and changes to its distribution network may improve efficiency over time, but the near-term impact is still unfolding. Levi Strauss Raises Guidance Again
• Negative Sentiment: Despite the beat, investors were disappointed by the company’s cautious earnings outlook, which appears to be weighing on the stock. Levi’s stock falls 5% despite Q2 beat as full-year earnings guidance disappoints

About Levi Strauss & Co.

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.