Levi Strauss & Co. (NYSE:LEVI) Now Covered by TD Cowen

TD Cowen started coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report report published on Friday morning,Zacks reports. The firm issued a strong-buy rating on the blue-jean maker’s stock.

Several other equities analysts also recently commented on the stock. Bank of America lowered their price objective on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. BTIG Research reissued a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, October 8th. Raymond James Financial reduced their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, October 8th. UBS Group restated a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 23rd. Finally, Barclays lowered their price target on Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.92.

Levi Strauss & Co. Stock Down 0.5%

Shares of NYSE LEVI opened at $22.49 on Friday. The firm’s fifty day moving average is $20.46 and its 200 day moving average is $21.69. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 1.36 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The firm’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 company posted $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. On average, equities research analysts expect that Levi Strauss & Co. will post 1.56 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, October 21st. This represents a $0.64 annualized dividend and a yield of 2.8%. Levi Strauss & Co.’s payout ratio is 42.67%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC boosted its position in shares of Levi Strauss & Co. by 42.1% in the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock worth $45,000 after purchasing an additional 532 shares during the period. Figure 8 Investment Strategies LLC increased its stake in shares of Levi Strauss & Co. by 1.6% in the second quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker’s stock worth $1,293,000 after purchasing an additional 830 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Levi Strauss & Co. by 6.1% during the 2nd quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker’s stock valued at $376,000 after purchasing an additional 867 shares during the period. Nykredit A S bought a new stake in shares of Levi Strauss & Co. during the 2nd quarter valued at $36,000. Finally, Legal & General Group Plc raised its position in shares of Levi Strauss & Co. by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 63,716 shares of the blue-jean maker’s stock valued at $1,582,000 after purchasing an additional 1,520 shares during the period. 69.14% of the stock is owned by hedge funds and other 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.