Levi Strauss & Co. (NYSE:LEVI) Upgraded to Buy at Wall Street Zen

Levi Strauss & Co. (NYSE:LEVI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

LEVI has been the subject of a number of other research reports. Stifel Nicolaus upped their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. UBS Group boosted their price target on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Morgan Stanley raised their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Needham & Company LLC began coverage on shares of Levi Strauss & Co. in a research report on Thursday, September 25th. They set a “buy” rating and a $28.00 target price for the company. Finally, Bank of America lifted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.42.

Levi Strauss & Co. Stock Down 0.6%

Levi Strauss & Co. stock opened at $21.49 on Friday. 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 0.48, a quick ratio of 0.87 and a current ratio of 1.52. The firm’s 50-day simple moving average is $21.41 and its 200 day simple moving average is $20.76. The stock has a market cap of $8.40 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its 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 firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter last year, the firm earned $0.33 EPS. 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. Research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the 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 filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Margaret E. Haas sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The SEC filing for this sale provides additional information. Corporate insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its position in Levi Strauss & Co. by 260.5% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Hara Capital LLC grew its holdings in shares of Levi Strauss & Co. by 8,080.0% during the second quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock worth $38,000 after purchasing an additional 2,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing 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 second quarter valued at approximately $71,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.