Wall Street Zen Downgrades Levi Strauss & Co. (NYSE:LEVI) to Buy

Levi Strauss & Co. (NYSE:LEVI) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

A number of other analysts have also recently weighed in on the stock. TD Cowen reiterated a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. Raymond James Financial lifted their price objective on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. BTIG Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Barclays upped their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.43.

Levi Strauss & Co. Trading Down 0.0%

NYSE:LEVI opened at $24.40 on Friday. The company has a market capitalization of $9.39 billion, a PE ratio of 15.06, a P/E/G ratio of 1.61 and a beta of 1.33. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The stock’s 50 day moving average price is $24.09 and its 200 day moving average price is $22.10. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

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, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, research analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current year.

Insider Activity

In other Levi Strauss & Co. news, EVP Harmit J. Singh sold 98,144 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 98,747 shares in the company, valued at approximately $2,391,652.34. The trade was a 49.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the 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 $1,145,781.21. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,296,009 shares of company stock worth $30,227,170 in the last three months. 1.08% of the stock is currently owned by company insiders.

Institutional Trading of Levi Strauss & Co.

Several hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in Levi Strauss & Co. during the fourth quarter worth $26,000. US Bancorp DE lifted its holdings in Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.