Levi Strauss & Co. (NYSE:LEVI) Posts Earnings Results, Beats Estimates By $0.03 EPS

Key Points

• Levi Strauss & Co. reported an earnings per share (EPS) of $0.34, exceeding analysts' expectations of $0.31 by $0.03.
• The company has updated its fiscal year 2025 guidance, now projecting an EPS range of $1.270 to $1.320.
• Institutional investors own 69.14% of Levi Strauss & Co.'s stock, with several firms significantly increasing their holdings in recent months.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) announced its quarterly earnings results on Thursday. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03, Zacks reports. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%. Levi Strauss & Co. updated its FY 2025 guidance to 1.270-1.320 EPS.

Levi Strauss & Co. Stock Performance

LEVI traded down $0.08 on Thursday, reaching $24.59. 6,184,031 shares of the stock were exchanged, compared to its average volume of 2,494,680. The company's 50-day moving average price is $22.03 and its 200 day moving average price is $18.98. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85. The firm has a market capitalization of $9.73 billion, a PE ratio of 24.10, a PEG ratio of 1.84 and a beta of 1.30.

Insider Transactions at Levi Strauss & Co.

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

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock valued at $26,000 after buying an additional 833 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after buying an additional 1,879 shares during the period. Headlands Technologies LLC lifted its holdings in shares of Levi Strauss & Co. by 17,721.6% in the 2nd quarter. Headlands Technologies LLC now owns 6,594 shares of the blue-jean maker's stock valued at $122,000 after buying an additional 6,557 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Levi Strauss & Co. in the 1st quarter valued at about $224,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of Levi Strauss & Co. by 71.9% in the 2nd quarter. Osaic Holdings Inc. now owns 12,292 shares of the blue-jean maker's stock valued at $227,000 after buying an additional 5,141 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LEVI. Telsey Advisory Group lifted their price target on Levi Strauss & Co. from $24.00 to $27.00 and gave the company an "outperform" rating in a report on Friday, October 3rd. Bank of America raised their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Needham & Company LLC assumed coverage on Levi Strauss & Co. in a research report on Thursday, September 25th. They issued a "buy" rating and a $28.00 price objective for the company. Finally, Citigroup raised their price objective on Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Monday, September 29th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $25.00.

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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