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

Wall Street Zen cut shares of Levi Strauss & Co. (NYSE:LEVI) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on LEVI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $25.00 price target on shares of Levi Strauss & Co. in a research note on Tuesday, July 28th. Jefferies Financial Group reduced their price target on Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays boosted their price target on Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $20.34 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60. The stock has a market cap of $7.83 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.31 and a beta of 1.32. The firm has a 50 day simple moving average of $21.50 and a 200 day simple moving average of $22.11. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70.

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

Insiders Place Their Bets

In other Levi Strauss & Co. news, EVP Harmit Singh sold 98,144 shares of the firm’s stock in a transaction dated 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 $2,391,652.34. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is currently owned by company insiders.

Institutional Trading of Levi Strauss & Co.

Several large investors have recently made changes to their positions in the stock. Essential Partners LLC raised 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 worth $45,000 after purchasing an additional 532 shares during the last quarter. Figure 8 Investment Strategies LLC boosted its position in Levi Strauss & Co. by 1.6% in the 2nd quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker’s stock valued at $1,293,000 after buying an additional 830 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Levi Strauss & Co. by 6.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker’s stock valued at $376,000 after buying an additional 867 shares during the period. Nykredit A S acquired a new stake in shares of Levi Strauss & Co. in 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 second quarter. Legal & General Group Plc now owns 63,716 shares of the blue-jean maker’s stock worth $1,582,000 after acquiring an additional 1,520 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.