Levi Strauss & Co. (NYSE:LEVI) Coverage Initiated by Analysts at TD Cowen

Analysts at TD Cowen started coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a report released on Friday, Zacks reports. The brokerage set a “strong-buy” rating on the blue-jean maker’s stock.

Several other equities analysts have also commented on LEVI. BNP Paribas Exane restated an “outperform” rating and set a $35.00 price target on shares of Levi Strauss & Co. in a research report on Friday, October 9th. Jefferies Financial Group cut their price objective on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 1st. BTIG Research reiterated a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. Wells Fargo & Company reduced their target price on shares of Levi Strauss & Co. from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, October 8th. Finally, Raymond James Financial decreased their target price on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.92.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $22.49 on Friday. The company has a market cap of $8.63 billion, a P/E ratio of 14.22, a PEG ratio of 1.36 and a beta of 1.32. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $21.69. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. Levi Strauss & Co. has a 12 month low of $17.72 and a 12 month high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. On average, research analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current year.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of LEVI. Bank of New York Mellon Corp grew its position in 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 in the last quarter. Eastern Bank acquired a new position in Levi Strauss & Co. during the 2nd quarter valued at about $60,854,000. Swedbank AB acquired a new position in Levi Strauss & Co. during the 1st quarter valued at about $24,799,000. Engineers Gate Manager LP increased its stake in Levi Strauss & Co. by 74.3% during the 2nd quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock valued at $20,152,000 after buying an additional 345,855 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Levi Strauss & Co. by 117.2% during the 1st quarter. Royal Bank of Canada now owns 358,797 shares of the blue-jean maker’s stock worth $6,635,000 after buying an additional 193,607 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co (NYSE: LEVI) is an apparel company best known for its Levi’s brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company’s brands include Levi’s, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.