Levi Strauss & Co. (NYSE:LEVI) Downgraded by Wall Street Zen to “Hold”

Levi Strauss & Co. (NYSE:LEVI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their target price on Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Friday, October 10th. Needham & Company LLC assumed coverage on Levi Strauss & Co. in a research note on Thursday, September 25th. They set a “buy” rating and a $28.00 price objective on the stock. BTIG Research initiated coverage on shares of Levi Strauss & Co. in a research note on Tuesday, October 14th. They issued a “buy” rating and a $27.00 target price for the company. Finally, UBS Group increased their target price on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, October 10th. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

Levi Strauss & Co. Stock Down 1.1%

Shares of NYSE LEVI opened at $21.67 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. The company has a 50-day moving average price of $21.22 and a 200-day moving average price of $20.94. The stock has a market capitalization of $8.47 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.45 and a beta of 1.34. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.33 EPS. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. On average, equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 50,000 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $3,628,500.00. The disclosure for this sale is available in the SEC filing. Company insiders own 1.25% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in Levi Strauss & Co. by 10.3% in the third quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock valued at $151,000 after purchasing an additional 614 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Levi Strauss & Co. by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,094 shares of the blue-jean maker’s stock worth $639,000 after buying an additional 806 shares during the last quarter. US Bancorp DE raised its stake 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 valued at $26,000 after buying an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Levi Strauss & Co. by 140.7% in the second 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 period. Finally, BNP Paribas Financial Markets lifted its position in shares of Levi Strauss & Co. by 3.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,857 shares of the blue-jean maker’s stock valued at $1,092,000 after buying an additional 1,436 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.