Levi Strauss & Co. (NYSE:LEVI) Given New $33.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has increased its price target for Levi Strauss & Co. from $23.00 to $33.00, indicating a potential upside of 34.23% from the stock's previous close.
• The company's most recent quarterly earnings report revealed an EPS of $0.34, exceeding analysts' expectations, with a revenue of $1.54 billion, a 7% increase year-over-year.
• Insider sales included major shareholder Margaret E. Haas selling 50,000 shares for over $1.2 million at an average price of $24.14 on October 1st.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective increased by analysts at JPMorgan Chase & Co. from $23.00 to $33.00 in a research note issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the blue-jean maker's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 34.23% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup boosted their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Levi Strauss & Co. in a research note on Wednesday. UBS Group set a $32.00 price objective on Levi Strauss & Co. and gave the stock a "buy" rating in a research note on Friday. Zacks Research cut Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Finally, Bank of America upped their price target on Levi Strauss & Co. from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.36.

Levi Strauss & Co. Stock Down 0.3%

Shares of LEVI opened at $24.59 on Friday. The company has a market capitalization of $9.73 billion, a P/E ratio of 24.10, a PEG ratio of 1.85 and a beta of 1.30. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.82. The business's 50 day simple moving average is $22.13 and its 200-day simple moving average is $19.04. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The company's revenue was up 7.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The disclosure for this sale can be found here. Insiders sold 201,150 shares of company stock valued at $4,860,018 in the last quarter. Corporate insiders own 1.25% of the company's stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of LEVI. Balyasny Asset Management L.P. boosted its position in Levi Strauss & Co. by 123,970.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker's stock worth $58,496,000 after acquiring an additional 3,166,203 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Levi Strauss & Co. in the first quarter worth $19,779,000. Millennium Management LLC boosted its stake in shares of Levi Strauss & Co. by 65.1% during the 1st quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker's stock worth $48,488,000 after buying an additional 1,226,205 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Levi Strauss & Co. by 83.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker's stock valued at $36,208,000 after acquiring an additional 890,752 shares in the last quarter. Finally, Hook Mill Capital Partners LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at about $14,103,000. Institutional investors and hedge funds own 69.14% of the company's stock.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.

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