Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $34.00

Levi Strauss & Co. (NYSE:LEVI) had its target price upped by investment analysts at JPMorgan Chase & Co. from $33.00 to $34.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the blue-jean maker’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 38.09% from the stock’s current price.

A number of other equities research analysts have also weighed in on LEVI. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. Telsey Advisory Group raised 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. Barclays lifted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. BTIG Research reaffirmed a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Finally, Citigroup upped their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Trading Up 0.4%

Shares of LEVI stock opened at $24.62 on Tuesday. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70. The stock’s fifty day simple moving average is $24.00 and its 200 day simple moving average is $22.02. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $9.48 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.62 and a beta of 1.33.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.22 earnings per share. The business’s quarterly 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. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder Robert D. Haas sold 488,851 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The sale 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 Harmit J. Singh sold 98,144 shares of the business’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 transaction, the executive vice president directly owned 98,747 shares in the company, valued at approximately $2,391,652.34. This trade represents a 49.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,334,947 shares of company stock worth $31,119,240. Company insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its position in 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 acquiring an additional 1,296,474 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $1,449,000. Vanguard Group Inc. increased its holdings in Levi Strauss & Co. by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock worth $193,312,000 after purchasing an additional 342,009 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth approximately $1,887,000. Finally, Broad Peak Investment Advisers Pte Ltd raised its stake in shares of Levi Strauss & Co. by 66.5% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 445,300 shares of the blue-jean maker’s stock worth $9,236,000 after purchasing an additional 177,800 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.