Levi Strauss & Co. (NYSE:LEVI) Given Buy Rating at BTIG Research

Key Points

• BTIG Research reiterated its “buy” rating on Levi Strauss, setting a $27 price target—about 36.7% above the prior close.
• Analyst sentiment remains favorable, with 12 buys and three holds; the consensus rating is “Moderate Buy” and the average price target is $27.43.
• Levi Strauss recently exceeded quarterly expectations, reporting $0.28 EPS versus $0.24 expected and $1.56 billion in revenue, up 8% year over year.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report)'s stock had its "buy" rating reiterated by analysts at BTIG Research in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $27.00 target price on the blue-jean maker's stock. BTIG Research's price target points to a potential upside of 36.71% from the company's previous close.

Several other equities analysts have also recently commented on LEVI. Needham & Company LLC reiterated a "buy" rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. UBS Group reaffirmed a "buy" rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Citigroup lifted their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. JPMorgan Chase & Co. upped their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Finally, Barclays raised their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $27.43.

Levi Strauss & Co. Price Performance

NYSE LEVI opened at $19.75 on Wednesday. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60. The stock has a market capitalization of $7.60 billion, a PE ratio of 12.19, a P/E/G ratio of 1.31 and a beta of 1.32. The stock has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $22.07.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.22 EPS. The company's 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. Research analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current year.

Insider Buying and Selling

In other Levi Strauss & Co. news, EVP Harmit Singh sold 98,144 shares of the company's stock in a transaction dated Thursday, July 23rd. The shares were 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 approximately $2,391,652.34. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of large investors have recently bought and sold shares of LEVI. Essential Partners LLC grew its stake in shares of 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 purchasing an additional 532 shares during the last quarter. Figure 8 Investment Strategies LLC raised its position in Levi Strauss & Co. by 1.6% in the 2nd quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker's stock worth $1,293,000 after purchasing an additional 830 shares during the last quarter. EP Wealth Advisors LLC raised its position in Levi Strauss & Co. by 6.1% in the 2nd quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker's stock worth $376,000 after purchasing an additional 867 shares during the last quarter. Nykredit A S acquired a new position in Levi Strauss & Co. during the 2nd quarter worth $36,000. Finally, Legal & General Group Plc lifted its holdings in Levi Strauss & Co. by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 63,716 shares of the blue-jean maker's stock worth $1,582,000 after buying an additional 1,520 shares in the last quarter. 69.14% of the stock is currently 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.