Levi Strauss & Co. (NYSE:LEVI) Rating Lowered to “Buy” at Wall Street Zen

Levi Strauss & Co. (NYSE:LEVI) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Raymond James Financial increased their target price on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. Citigroup lifted their price target on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Finally, TD Cowen reaffirmed a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.43.

Levi Strauss & Co. Trading Up 0.1%

Shares of NYSE LEVI opened at $20.18 on Friday. The stock’s 50 day moving average price is $22.96 and its two-hundred day moving average price is $22.14. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The stock has a market capitalization of $7.76 billion, a P/E ratio of 12.45, a PEG ratio of 1.33 and a beta of 1.32. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.Levi Strauss & Co.’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, analysts anticipate that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Harmit Singh sold 98,144 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 98,747 shares of the company’s stock, valued at $2,391,652.34. The trade was a 49.85% decrease in their position. 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. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in LEVI. US Bancorp DE increased its position in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Levi Strauss & Co. during the fourth quarter valued at $26,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares in the last quarter. Nykredit A S acquired a new stake in Levi Strauss & Co. in the second quarter worth about $36,000. Finally, Essential Partners LLC grew its position in Levi Strauss & Co. by 42.1% in the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock valued at $45,000 after buying an additional 532 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, jackets, footwear, accessories and other casualwear, sold through company-operated stores, digital channels, wholesale partners and distributors.

Founded in 1853 by Levi Strauss, the company is headquartered in San Francisco, California. In addition to Levi’s, its brand portfolio includes Dockers, Beyond Yoga, Signature by Levi Strauss & Co and Denizen.