Levi Strauss & Co. (NYSE:LEVI) Receives Outperform Rating from Telsey Advisory Group

Key Points

• Levi Strauss & Co. received an “outperform” rating from Telsey Advisory Group, which also set a price target of $27.00, suggesting a potential upside of 22.87% from its previous close.
• The company's stock experienced a drop of $2.57 during midday trading, reaching $21.98, with trading volume significantly above its average.
• Levi Strauss reported earnings of $0.34 per share for the last quarter, surpassing expectations, and indicated a FY 2025 guidance of 1.270-1.320 EPS.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $27.00 target price on the blue-jean maker's stock. Telsey Advisory Group's price target indicates a potential upside of 22.87% from the company's previous close.

A number of other brokerages have also commented on LEVI. Zacks Research lowered Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Stifel Nicolaus lifted their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Wells Fargo & Company lifted their price objective on Levi Strauss & Co. from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their price objective on Levi Strauss & Co. from $23.00 to $33.00 and gave the company an "overweight" rating in a report on Friday. Finally, UBS Group set a $32.00 target price on shares of Levi Strauss & Co. and gave the company a "buy" rating in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $26.36.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI traded down $2.57 during midday trading on Friday, hitting $21.98. The company's stock had a trading volume of 5,213,331 shares, compared to its average volume of 2,511,573. The stock has a market capitalization of $8.69 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 1.85 and a beta of 1.30. The stock's 50 day simple moving average is $22.13 and its 200 day simple moving average is $19.04. 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 quick ratio of 0.85 and a current ratio of 1.48.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company'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. As a group, research analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Insider Transactions at Levi Strauss & Co.

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company'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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Margaret E. Haas sold 50,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 201,150 shares of company stock worth $4,860,018. 1.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LEVI. Balyasny Asset Management L.P. raised its holdings in Levi Strauss & Co. by 123,970.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker's stock valued at $58,496,000 after acquiring an additional 3,166,203 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Levi Strauss & Co. during the 1st quarter worth approximately $19,779,000. Millennium Management LLC grew its position 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 purchasing an additional 1,226,205 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Levi Strauss & Co. by 83.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker's stock worth $36,208,000 after purchasing 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. during the 2nd quarter worth approximately $14,103,000. 69.14% of the stock is owned by institutional investors.

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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