Levi Strauss & Co.’s (LEVI) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “equal weight” rating reiterated by Wells Fargo & Company in a research note issued on Tuesday,Benzinga reports. They presently have a $25.00 price target on the blue-jean maker’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 2.03% from the stock’s current price.

Several other research analysts have also recently weighed in on LEVI. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Raymond James Financial lifted their target price on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Telsey Advisory Group increased their price target on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, UBS Group restated a “buy” rating and set a $34.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Levi Strauss & Co. Price Performance

NYSE:LEVI opened at $25.52 on Tuesday. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.58. The stock has a market cap of $9.82 billion, a PE ratio of 15.75, a P/E/G ratio of 1.62 and a beta of 1.33. 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 50 day moving average price of $23.68 and a 200 day moving average price of $21.91.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share 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 analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Equities research analysts expect that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total value of $3,497,344.62. Following the sale, the insider owned 145,662 shares of the company’s stock, valued at $3,497,344.62. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karyn Hillman sold 38,938 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $22.91, for a total value of $892,069.58. Following the transaction, the executive vice president owned 91,522 shares of the company’s stock, valued at approximately $2,096,769.02. This represents a 29.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,236,803 shares of company stock worth $28,742,192. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of Levi Strauss & Co. by 462.4% during the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock worth $89,489,000 after purchasing an additional 3,979,223 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Levi Strauss & Co. by 123,970.4% during 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 buying an additional 3,166,203 shares during the period. Eastern Bank purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $60,854,000. Swedbank AB acquired a new stake in Levi Strauss & Co. during the 1st quarter worth approximately $24,799,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Levi Strauss & Co. by 44.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock worth $88,014,000 after buying an additional 1,296,474 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

About Levi Strauss & Co.

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.