Levi Strauss & Co. (NYSE:LEVI – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They presently have a $28.00 price objective on the blue-jean maker’s stock. Needham & Company LLC’s target price points to a potential upside of 48.98% from the stock’s previous close.
Several other research firms have also recently commented on LEVI. JPMorgan Chase & Co. raised their target price on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Telsey Advisory Group upped their price target 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. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a research note on Tuesday, July 28th. Jefferies Financial Group reduced their price target on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $26.31.
View Our Latest Stock Report on LEVI
Levi Strauss & Co. Stock Down 3.7%
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.12. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.34 EPS. Levi Strauss & Co.’s quarterly revenue was up 4.3% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.
Insider Activity at Levi Strauss & Co.
In other news, EVP Harmit Singh sold 98,144 shares of the business’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 transaction, the executive vice president directly owned 98,747 shares in the company, valued at $2,391,652.34. The trade was a 49.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of hedge funds and other institutional investors have recently made changes to their positions in LEVI. Envestnet Asset Management Inc. raised its stake in shares of Levi Strauss & Co. by 8.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 392,152 shares of the blue-jean maker’s stock worth $9,737,000 after purchasing an additional 29,501 shares in the last quarter. State Street Corp raised its stake in shares of Levi Strauss & Co. by 7.6% during the 2nd quarter. State Street Corp now owns 983,097 shares of the blue-jean maker’s stock worth $24,410,000 after purchasing an additional 69,437 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Levi Strauss & Co. by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock valued at $40,834,000 after acquiring an additional 7,827 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of Levi Strauss & Co. by 74.3% in the 2nd quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock valued at $20,152,000 after acquiring an additional 345,855 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $127,000. 69.14% of the stock is owned by hedge funds and other institutional investors.
More Levi Strauss & Co. News
Here are the key news stories impacting Levi Strauss & Co. this week:
- Positive Sentiment: Levi Strauss reported third-quarter adjusted EPS of $0.48, well above the $0.36 analyst consensus and up from $0.34 a year earlier. Stronger margins and international and wholesale growth supported profitability. Levi Strauss & Co. Reports Third-Quarter Results
- Positive Sentiment: The company raised fiscal 2026 adjusted EPS guidance to $1.54-$1.56 from $1.46-$1.52, helped partly by tariff refunds. The refund is expected to provide approximately $80 million, although most of the benefit is being reinvested in the business. Levi Strauss Raises Earnings Outlook
- Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $28 price target, implying substantial upside from the referenced trading level.
- Positive Sentiment: Levi Strauss declared a quarterly dividend of $0.16 per share, or $0.64 annualized, representing a yield of approximately 3.3% at the referenced price.
- Neutral Sentiment: Management is investing tariff-refund proceeds in its direct-to-consumer business and an AI shopping assistant, which could support longer-term digital sales but adds execution risk.
- Negative Sentiment: Third-quarter revenue of $1.61 billion narrowly missed the $1.62 billion consensus, despite increasing 4.3% year over year. Fiscal 2026 revenue guidance of approximately $6.7 billion is below the $6.8 billion analyst estimate. Levi Strauss hikes profit guidance after tariff refunds
- Negative Sentiment: Direct-to-consumer revenue grew only 2%, with continued pressure in the U.S. This weakness, along with the sales outlook, appears to be outweighing the EPS beat and higher profit guidance for investors. Levi Strauss Reports Mixed Q3
About Levi Strauss & Co.
Levi Strauss & Co is an apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, bottoms, jackets, footwear, accessories and other casualwear for men, women and children.
Founded in 1853 and headquartered in San Francisco, California, the company also owns the Dockers, Beyond Yoga and Signature by Levi Strauss & Co brands. Levi Strauss & Co sells its products through company-operated stores, e-commerce platforms, wholesale partners and other distribution channels.
The company serves customers in North America, Europe, Asia and other international markets.
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