Levi Strauss & Co. (NYSE:LEVI) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Levi Strauss to “strong buy” from “buy.” Overall analyst sentiment is positive, with 12 Buy ratings and four Holds and a consensus price target of $27.43.
• Levi Strauss exceeded quarterly expectations, reporting $0.28 in EPS versus the $0.24 consensus and $1.56 billion in revenue versus $1.52 billion expected. Revenue increased 8% year over year.
• The stock opened at $22.60, compared with a 12-month range of $17.72 to $25.70. Insiders sold about 1.3 million shares worth $30.2 million over the past 90 days, while institutional investors own 69.14% of the company.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.

A number of other brokerages also recently issued reports on LEVI. UBS Group reiterated a "buy" rating and set a $34.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Citigroup raised their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a "neutral" rating in a research note on Monday, June 29th. Raymond James Financial lifted their price target on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. Finally, Telsey Advisory Group increased their price objective on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $27.43.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $22.60 on Friday. The firm has a market capitalization of $8.70 billion, a P/E ratio of 13.95, a P/E/G ratio of 1.49 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The stock's 50-day simple moving average is $24.09 and its two-hundred day simple moving average is $22.15. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the prior year, the business posted $0.22 earnings per share. The business's quarterly revenue was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In related news, EVP Harmit J. Singh sold 98,144 shares of the company's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the completion of the transaction, the executive vice president owned 98,747 shares in the company, valued at approximately $2,391,652.34. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $1,145,781.21. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,296,009 shares of company stock valued at $30,227,170. Corporate insiders own 1.08% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its holdings in shares of Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 810 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in Levi Strauss & Co. by 140.7% during 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 in the last quarter. Essential Partners LLC grew its holdings in Levi Strauss & Co. by 42.1% during the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker's stock valued at $45,000 after buying an additional 532 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Levi Strauss & Co. in the 4th quarter worth approximately $39,000. Institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company's flagship label, Levi's®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi's, cater to diverse price points and consumer segments.

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