Citigroup Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $22.00

Levi Strauss & Co. (NYSE:LEVI) had its target price reduced by equities researchers at Citigroup from $25.00 to $22.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the blue-jean maker’s stock. Citigroup’s target price suggests a potential upside of 12.33% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. Barclays increased their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Telsey Advisory Group upped their target price on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 20th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.21.

Levi Strauss & Co. Stock Down 0.8%

Levi Strauss & Co. stock traded down $0.17 during trading hours on Wednesday, hitting $19.59. 1,275,174 shares of the stock traded hands, compared to its average volume of 2,612,557. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70. The firm’s 50-day moving average price is $21.88 and its two-hundred day moving average price is $22.07. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. The company has a market cap of $7.54 billion, a PE ratio of 12.09, a PEG ratio of 1.31 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $1.56 billion during 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 business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, research analysts forecast that Levi Strauss & Co. will post 1.54 EPS for the current year.

Insider Activity

In related news, EVP Harmit Singh sold 98,144 shares of the stock in a transaction on 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 sale, the executive vice president directly owned 98,747 shares of the company’s stock, 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 SEC, 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 insiders.

Institutional Trading of Levi Strauss & Co.

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Levi Strauss & Co. by 44.0% during the fourth 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 during the period. Jones Financial Companies Lllp raised its stake in shares of Levi Strauss & Co. by 42.8% in the second quarter. Jones Financial Companies Lllp now owns 180,423 shares of the blue-jean maker’s stock valued at $4,428,000 after acquiring an additional 54,107 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $1,887,000. Fund 1 Investments LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $3,318,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Levi Strauss & Co. by 31.5% in the 4th quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock worth $46,034,000 after acquiring an additional 531,963 shares during the last quarter. Hedge funds and other 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.