TD Cowen Initiates Coverage on Levi Strauss & Co. (NYSE:LEVI)

Key Points

• TD Cowen initiated coverage of Levi Strauss with a “strong-buy” rating. The stock has a consensus “Moderate Buy” rating and an average analyst price target of $26.92.
• Levi Strauss reported quarterly earnings of $0.48 per share, exceeding the $0.36 consensus estimate, while revenue rose 4.3% year over year to $1.61 billion, slightly below expectations.
• LEVI opened at $22.49, with a market capitalization of approximately $8.63 billion; institutional investors own 69.14% of the company’s shares.

Analysts at TD Cowen started coverage on shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) in a research report issued on Friday, Zacks reports. The brokerage set a "strong-buy" rating on the blue-jean maker's stock.

Several other brokerages have also weighed in on LEVI. Telsey Advisory Group increased their price objective on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Thursday, July 2nd. Raymond James Financial lowered their target price on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, October 8th. Bank of America lowered their target price on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 8th. BTIG Research reaffirmed a "buy" rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. Finally, Barclays cut their price target on shares of Levi Strauss & Co. from $27.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $26.92.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock opened at $22.49 on Friday. The firm has a market capitalization of $8.63 billion, a P/E ratio of 14.22, a PEG ratio of 1.36 and a beta of 1.32. The stock has a fifty day moving average price of $20.46 and a 200 day moving average price of $21.69. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at about $36,000. Essential Partners LLC raised its stake 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 worth $45,000 after acquiring an additional 532 shares during the period. Nisa Investment Advisors LLC raised its stake in Levi Strauss & Co. by 479.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,042 shares of the blue-jean maker's stock worth $80,000 after acquiring an additional 3,345 shares during the period. State of Alaska Department of Revenue acquired a new stake in Levi Strauss & Co. during the third quarter worth about $96,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Levi Strauss & Co. during the second quarter worth about $127,000. Institutional investors own 69.14% of the company's stock.

About Levi Strauss & Co.

Levi Strauss & Co NYSE: LEVI is an apparel company best known for its Levi's brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company's brands include Levi's, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.

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