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

by · The Cerbat Gem

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts have also commented on LEVI. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Friday, October 10th. Barclays increased their price target on Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. Morgan Stanley raised their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Levi Strauss & Co. in a report on Monday, December 1st. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

View Our Latest Analysis on LEVI

Levi Strauss & Co. Stock Up 0.3%

Levi Strauss & Co. stock opened at $22.26 on Friday. The firm’s fifty day moving average is $21.65 and its 200 day moving average is $20.65. Levi Strauss & Co. has a 12-month low of $12.17 and a 12-month high of $24.82. The company has a market capitalization of $8.70 billion, a PE ratio of 14.65, a PEG ratio of 1.49 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter 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, sell-side analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The SEC filing for this sale provides additional information. 1.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently bought and sold shares of the company. US Bancorp DE increased its position in 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 buying an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of 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 during the last quarter. Hara Capital LLC grew its stake in shares of Levi Strauss & Co. by 8,080.0% during the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock worth $38,000 after acquiring an additional 2,020 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 worth $51,000 after acquiring an additional 1,879 shares during the last quarter. Finally, First Command Advisory Services Inc. purchased a new stake in Levi Strauss & Co. in the 2nd quarter worth about $71,000. Hedge funds and other institutional investors 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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