Levi Strauss & Co.’s (LEVI) Buy Rating Reiterated at BTIG Research

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $27.00 price target on the blue-jean maker’s stock. BTIG Research’s price objective would suggest a potential upside of 32.78% from the stock’s previous close.

Several other brokerages have also weighed in on LEVI. Telsey Advisory Group lifted their price target on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. Barclays raised their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Citigroup raised their price objective on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.25.

Levi Strauss & Co. Stock Up 2.3%

Shares of NYSE:LEVI traded up $0.47 on Wednesday, reaching $20.34. The company had a trading volume of 1,632,766 shares, compared to its average volume of 2,626,144. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The firm’s 50 day simple moving average is $21.61 and its 200-day simple moving average is $22.10. The firm has a market capitalization of $7.83 billion, a PE ratio of 12.56, a PEG ratio of 1.31 and a beta of 1.32. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the firm earned $0.22 EPS. The business’s quarterly revenue 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. As a group, analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently modified their holdings of the stock. 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 worth $89,489,000 after purchasing an additional 3,979,223 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in 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 worth $88,014,000 after purchasing an additional 1,296,474 shares during the period. Eastern Bank acquired a new stake in shares of Levi Strauss & Co. during the second quarter worth approximately $60,854,000. GW&K Investment Management LLC increased its stake in Levi Strauss & Co. by 31.5% in the 4th quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock valued at $46,034,000 after buying an additional 531,963 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Levi Strauss & Co. by 0.5% in 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 buying an additional 7,827 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co is an apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, bottoms, jackets, footwear, accessories and other casualwear for men, women and children.

Founded in 1853 and headquartered in San Francisco, California, the company also owns the Dockers, Beyond Yoga and Signature by Levi Strauss & Co brands. Levi Strauss & Co sells its products through company-operated stores, e-commerce platforms, wholesale partners and other distribution channels.

The company serves customers in North America, Europe, Asia and other international markets.