Levi Strauss & Co. (NYSE:LEVI) Stock Gets Price Target Cut from TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its price objective lowered by TD Cowen from $28.00 to $23.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the blue-jean maker’s stock.

Several other brokerages have also weighed in on LEVI. Telsey Advisory Group increased their target price on Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Jefferies Financial Group lowered their price target on Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 1st. Raymond James Financial lowered their price target on 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. Citigroup dropped their price target on Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Finally, BNP Paribas Exane reissued an “outperform” rating and issued a $35.00 price objective on shares of Levi Strauss & Co. in a research report on Friday, October 9th. Twelve research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $26.92.

Levi Strauss & Co. Price Performance

LEVI opened at $20.45 on Thursday. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $25.70. The company’s 50 day simple moving average is $20.61 and its 200 day simple moving average is $22.17. The stock has a market capitalization of $7.84 billion, a PE ratio of 13.63, a P/E/G ratio of 1.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.63.

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

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, October 21st. Levi Strauss & Co.’s dividend payout ratio is 42.67%.

Insider Buying and Selling

In other news, EVP Harmit Singh sold 98,144 shares of Levi Strauss & Co. 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 in the company, valued at approximately $2,391,652.34. This trade represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.08% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new stake in Levi Strauss & Co. during the third quarter valued at $96,000. Farther Finance Advisors LLC grew its position in shares of Levi Strauss & Co. by 139.7% in the third quarter. Farther Finance Advisors LLC now owns 23,390 shares of the blue-jean maker’s stock valued at $461,000 after purchasing an additional 13,633 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Levi Strauss & Co. by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 392,152 shares of the blue-jean maker’s stock valued at $9,737,000 after buying an additional 29,501 shares during the last quarter. State Street Corp increased its position in Levi Strauss & Co. by 7.6% during the second quarter. State Street Corp now owns 983,097 shares of the blue-jean maker’s stock worth $24,410,000 after acquiring an additional 69,437 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings 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 worth $40,834,000 after purchasing 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.