Levi Strauss & Co. (NYSE:LEVI) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered Levi Strauss’ price target from $28 to $23 while maintaining a “buy” rating, implying 16.34% upside from the prior close.
• Despite multiple target reductions, analysts remain broadly positive: 12 rate the stock Buy and two Hold, producing a “Moderate Buy” consensus rating and $26.92 average price target.
• Levi Strauss beat quarterly EPS estimates at $0.48 versus $0.36, although revenue of $1.61 billion slightly missed expectations; sales still rose 4.3% year over year.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its target price cut by stock analysts at TD Cowen from $28.00 to $23.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the blue-jean maker's stock. TD Cowen's price objective indicates a potential upside of 16.34% from the company's previous close.

LEVI has been the subject of several other research reports. Citigroup cut their target price on Levi Strauss & Co. from $25.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, September 30th. Bank of America lowered their price target on Levi Strauss & Co. from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 8th. Wall Street Zen lowered shares of Levi Strauss & Co. from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 3rd. Jefferies Financial Group decreased their price objective on Levi Strauss & Co. from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Finally, BTIG Research reissued a "buy" rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.92.

Levi Strauss & Co. Trading Up 1.0%

Shares of LEVI stock opened at $19.77 on Thursday. The firm has a market cap of $7.61 billion, a P/E ratio of 13.19, a PEG ratio of 1.17 and a beta of 1.32. The company has a 50 day moving average of $20.76 and a 200-day moving average of $22.17. 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. has a 12-month low of $17.72 and a 12-month high of $25.70.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.62 billion. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Sell-side analysts anticipate that Levi Strauss & Co. will post 1.56 earnings per share for the current year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, EVP Harmit Singh sold 98,144 shares of the stock in a transaction dated 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 $2,391,652.34. This trade represents a 49.85% decrease in their position. The sale was disclosed in a legal 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. 1.08% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently added to or reduced their stakes in the stock. Nykredit A S purchased a new stake in shares of Levi Strauss & Co. during the second quarter valued at $36,000. Essential Partners LLC increased its holdings in Levi Strauss & Co. by 42.1% during the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker's stock valued at $45,000 after buying an additional 532 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in 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 purchasing an additional 4,179 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Levi Strauss & Co. in the second quarter worth about $127,000. Finally, Vise Technologies Inc. bought a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $205,000. 69.14% of the stock is owned by institutional investors.

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.

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