Levi Strauss & Co. (NYSE:LEVI) Stock Keeps Buy Rating at Needham & Company LLC

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $28.00 target price on the blue-jean maker’s stock. Needham & Company LLC’s target price points to a potential upside of 45.67% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Telsey Advisory Group lifted 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. BTIG Research reissued a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday. UBS Group restated a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 23rd. JPMorgan Chase & Co. lifted their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Finally, Barclays upped their target price on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.31.

Levi Strauss & Co. Trading Up 2.8%

LEVI stock traded up $0.52 during trading on Thursday, hitting $19.22. The company had a trading volume of 9,548,944 shares, compared to its average volume of 2,832,524. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The company has a 50 day simple moving average of $21.07 and a 200-day simple moving average of $22.15. The firm has a market capitalization of $7.40 billion, a P/E ratio of 12.81, a PEG ratio of 1.12 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.12. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. As a group, research analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other news, EVP Harmit Singh sold 98,144 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the completion of the sale, the executive vice president owned 98,747 shares of the company’s stock, valued at approximately $2,391,652.34. This represents a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently modified their holdings of the business. Nykredit A S bought a new stake in Levi Strauss & Co. during the 2nd quarter valued at $36,000. Essential Partners LLC raised its position in shares of 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 acquiring an additional 532 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Levi Strauss & Co. by 417,900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,180 shares of the blue-jean maker’s stock worth $87,000 after acquiring an additional 4,179 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth $127,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth $205,000. 69.14% of the stock is currently owned by institutional investors.

About Levi Strauss & Co.

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.