Telsey Advisory Group Reiterates “Outperform” Rating for Levi Strauss & Co. (NYSE:LEVI)

by · The Cerbat Gem

Levi Strauss & Co. (NYSE:LEVI – Get Free Report)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $26.00 price objective on the blue-jean maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 31.18% from the stock’s previous close. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $1.23 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $1.42 EPS.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. TD Cowen cut their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, September 27th. JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. OTR Global started coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They set a “positive” rating for the company. Finally, Bank of America increased their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Get Our Latest Stock Analysis on LEVI

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $19.82 on Thursday. The company’s fifty day moving average is $19.19 and its two-hundred day moving average is $20.34. The company has a market cap of $7.88 billion, a P/E ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last posted its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. Levi Strauss & Co.’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. Equities analysts expect that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now directly owns 158,344 shares of the company’s stock, valued at approximately $2,886,611.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,334 shares of company stock valued at $655,765 over the last 90 days. 3.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its holdings in shares of Levi Strauss & Co. by 158.3% during the 4th quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock worth $2,564,000 after purchasing an additional 95,000 shares during the period. KBC Group NV lifted its position in shares of Levi Strauss & Co. by 1.8% in the 4th quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock worth $1,832,000 after acquiring an additional 1,917 shares during the period. Capital Research Global Investors grew its holdings in shares of Levi Strauss & Co. by 17.8% during the 4th quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock worth $109,584,000 after purchasing an additional 1,000,000 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Levi Strauss & Co. during the 4th quarter worth approximately $1,361,000. Finally, Bragg Financial Advisors Inc increased its position in shares of Levi Strauss & Co. by 44.6% during the fourth quarter. Bragg Financial Advisors Inc now owns 526,334 shares of the blue-jean maker’s stock valued at $8,706,000 after purchasing an additional 162,423 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

(Get Free Report)

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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