Levi Strauss & Co.’s (LEVI) Equal Weight Rating Reiterated at Wells Fargo & Company

Wells Fargo & Company reaffirmed their equal weight rating on shares of Levi Strauss & Co. (NYSE:LEVIFree Report) in a research note released on Tuesday, Marketbeat Ratings reports. Wells Fargo & Company currently has a $25.00 price target on the blue-jean maker’s stock.

Several other research firms have also weighed in on LEVI. Citigroup lifted their price objective on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Barclays raised their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research note on Saturday, April 11th. Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, BTIG Research reissued a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.29.

Check Out Our Latest Research Report on Levi Strauss & Co.

Levi Strauss & Co. Trading Down 0.4%

LEVI stock opened at $24.56 on Tuesday. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.63 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $23.90 and a 200-day simple moving average of $21.98. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, equities research analysts expect that Levi Strauss & Co. will post 1.54 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $0.16 dividend. The ex-dividend date is Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 39.51%.

Insider Activity

In other news, EVP Harmit J. 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 of the company’s stock, valued at approximately $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the completion of the transaction, the insider owned 145,662 shares of the company’s stock, valued at $3,497,344.62. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,334,947 shares of company stock worth $31,119,240 over the last three months. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in Levi Strauss & Co. in the 4th quarter valued at about $26,000. US Bancorp DE grew its stake in shares of 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 valued at $26,000 after acquiring an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 acquiring an additional 833 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 acquiring an additional 1,879 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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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.

Further Reading

Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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