BTIG Research Reaffirms “Buy” Rating for Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reaffirmed by research analysts at BTIG Research in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $27.00 price target on the blue-jean maker’s stock. BTIG Research’s price target points to a potential upside of 11.07% from the company’s current price.

LEVI has been the topic of several other research reports. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday. TD Cowen restated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. JPMorgan Chase & Co. raised their target price on shares of Levi Strauss & Co. from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Citigroup lifted their price target on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.46.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $24.31 on Thursday. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $25.58. The company has a current ratio of 1.60, a quick ratio of 0.97 and a debt-to-equity ratio of 0.46. The firm’s 50 day moving average is $23.13 and its 200-day moving average is $21.65. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.75 and a beta of 1.33.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the company posted $0.22 EPS. Levi Strauss & Co.’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. Sell-side analysts forecast that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the completion of the transaction, the insider directly owned 145,662 shares in the company, valued at approximately $3,497,344.62. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karyn Hillman sold 38,938 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total value of $892,069.58. Following the completion of the sale, the executive vice president directly owned 91,522 shares of the company’s stock, valued at approximately $2,096,769.02. This trade represents a 29.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,468,570 shares of company stock valued at $34,136,152. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently bought and sold shares of LEVI. Bank of New York Mellon Corp lifted its stake in Levi Strauss & Co. by 462.4% in the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after buying an additional 3,979,223 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in Levi Strauss & Co. by 123,970.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock worth $58,496,000 after purchasing an additional 3,166,203 shares during the period. Eastern Bank bought a new position in Levi Strauss & Co. during the 2nd quarter worth about $60,854,000. Swedbank AB bought a new position in Levi Strauss & Co. during the 1st quarter worth about $24,799,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $88,014,000 after purchasing an additional 1,296,474 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Key Levi Strauss & Co. News

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Levi Strauss beat Q2 estimates with revenue of $1.56 billion and EPS of $0.28, while also raising full-year sales and earnings guidance, signaling solid demand and improving fundamentals. Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
• Positive Sentiment: The board announced a 14.3% quarterly dividend increase to $0.16 per share, and a separate dividend-hike roundup highlighted LEVI as one of the companies boosting payouts during volatile markets. 3 Stocks in Focus That Declared Dividend Hikes Amid Ongoing Volatility
• Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings, reinforcing the view that the post-earnings pullback may be overdone. Levi Strauss & Co. Given Buy Rating at BTIG Research

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.