Levi Strauss & Co. (NYSE:LEVI) Raised to "Strong-Buy" at BTIG Research

Key Points

• Levi Strauss & Co. has been upgraded to a "strong-buy" rating by BTIG Research, indicating increased confidence in the company's stock performance.
• Other analysts have also increased their target prices, with Barclays raising theirs from $24 to $26, while UBS Group set a new target at $32.
• In its latest quarterly earnings, Levi Strauss reported $1.54 billion in revenue and $0.34 EPS, surpassing analyst expectations and reflecting a year-over-year revenue increase of 7%.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) was upgraded by investment analysts at BTIG Research to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Barclays boosted their target price on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an "overweight" rating in a report on Friday, September 26th. Citigroup increased their target price on Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Stifel Nicolaus boosted their price target on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. UBS Group upped their price objective on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Finally, Zacks Research cut Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.42.

Levi Strauss & Co. Trading Up 0.1%

Levi Strauss & Co. stock opened at $21.40 on Tuesday. The stock has a market cap of $8.47 billion, a P/E ratio of 14.08, a PEG ratio of 1.62 and a beta of 1.30. The firm's 50 day moving average price is $22.25 and its 200-day moving average price is $19.19. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. On average, equities analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the business's 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the business's stock in a transaction that occurred on 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. Company insiders own 1.25% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LEVI. SG Americas Securities LLC raised its stake in shares of Levi Strauss & Co. by 143.6% during the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock worth $460,000 after buying an additional 17,376 shares during the period. Figure 8 Investment Strategies LLC lifted its position in Levi Strauss & Co. by 4.4% during the first quarter. Figure 8 Investment Strategies LLC now owns 53,036 shares of the blue-jean maker's stock worth $827,000 after buying an additional 2,240 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after acquiring an additional 1,113 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Levi Strauss & Co. by 35.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after purchasing an additional 812 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Levi Strauss & Co. by 6.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock valued at $26,856,000 after acquiring an additional 97,781 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Company Profile

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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