Levi Strauss & Co. (NYSE:LEVI) Posts Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• Levi Strauss beat earnings expectations: The company reported quarterly EPS of $0.48, surpassing the $0.36 analyst consensus by $0.12. Revenue totaled $1.61 billion, slightly below the $1.62 billion expectation.
• Shares fell amid heavy trading: LEVI declined $1.05 to $19.48, with volume exceeding 14.5 million shares versus an average of about 2.7 million.
• Analysts remain broadly positive: Ten analysts rate the stock Buy and three rate it Hold, producing a “Moderate Buy” consensus and a $27.25 average price target, though Citigroup recently lowered its target to $22 and maintained a Neutral rating.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) released its quarterly earnings data on Wednesday. The blue-jean maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.12, FiscalAI reports. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The firm had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.62 billion.

Levi Strauss & Co. Stock Performance

NYSE LEVI traded down $1.05 during trading hours on Wednesday, reaching $19.48. The stock had a trading volume of 14,530,905 shares, compared to its average volume of 2,687,790. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week 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 cap of $7.50 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32. The stock has a fifty day moving average of $21.40 and a 200 day moving average of $22.13.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Harmit 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 value of $2,377,047.68. Following the completion of the transaction, the executive vice president directly owned 98,747 shares of the company's stock, valued at approximately $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.08% of the company's stock.

Analyst Upgrades and Downgrades

LEVI has been the subject of a number of research reports. Barclays increased their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. UBS Group reaffirmed a "buy" rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Finally, Citigroup reduced their price target on Levi Strauss & Co. from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.25.

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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