Levi Strauss & Co. (NYSE:LEVI - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.270-1.320 for the period, compared to the consensus earnings per share estimate of 1.310. The company issued revenue guidance of $6.6 billion-$6.6 billion, compared to the consensus revenue estimate of $6.2 billion.
Levi Strauss & Co. Stock Down 0.3%
Shares of NYSE:LEVI traded down $0.08 during trading on Thursday, reaching $24.59. The stock had a trading volume of 6,184,031 shares, compared to its average volume of 2,494,680. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.82. The company has a market capitalization of $9.73 billion, a P/E ratio of 24.10, a PEG ratio of 1.84 and a beta of 1.30. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $22.03 and its 200 day simple moving average is $18.98.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating 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%. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on LEVI. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Levi Strauss & Co. in a report on Wednesday. Wells Fargo & Company lifted their target price on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Zacks Research lowered shares of Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Morgan Stanley lifted their target price on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, Citigroup lifted their target price on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.
View Our Latest Report on Levi Strauss & Co.
Insider Buying and Selling at Levi Strauss & Co.
In related news, major shareholder Margaret E. Haas sold 50,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total value of $1,207,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 201,150 shares of company stock valued at $4,860,018. 1.25% of the stock is owned by insiders.
Institutional Investors Weigh In On Levi Strauss & Co.
Several institutional investors and hedge funds have recently added to or reduced their stakes in LEVI. Balyasny Asset Management L.P. boosted its position in shares of 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 valued at $58,496,000 after acquiring an additional 3,166,203 shares during the last quarter. Ameriprise Financial Inc. boosted 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 valued at $36,208,000 after acquiring an additional 890,752 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker's stock valued at $24,908,000 after acquiring an additional 52,332 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Levi Strauss & Co. by 37.8% during the 2nd quarter. Bank of America Corp DE now owns 1,570,361 shares of the blue-jean maker's stock valued at $29,036,000 after acquiring an additional 431,168 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Levi Strauss & Co. by 6.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,493,255 shares of the blue-jean maker's stock valued at $27,610,000 after acquiring an additional 95,557 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
About Levi Strauss & Co.
(
Get Free Report)
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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