Levi Strauss & Co. (NYSE:LEVI) Given New $22.00 Price Target at Citigroup

Levi Strauss & Co. (NYSE:LEVI) had its price objective cut by equities researchers at Citigroup from $25.00 to $22.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the blue-jean maker’s stock. Citigroup’s target price suggests a potential upside of 12.33% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Raymond James Financial increased their target price on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. BTIG Research restated a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $25.00 price objective on shares of Levi Strauss & Co. in a research note on Tuesday, July 28th. Wall Street Zen upgraded Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a report on Sunday, September 20th. Finally, UBS Group restated a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 23rd. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.21.

Levi Strauss & Co. Price Performance

NYSE:LEVI traded down $0.17 during mid-day trading on Wednesday, reaching $19.59. The stock had a trading volume of 1,275,174 shares, compared to its average volume of 2,612,557. The stock has a market capitalization of $7.54 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.31 and a beta of 1.32. The firm has a 50 day moving average price of $21.88 and a two-hundred day moving average price of $22.07. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70.

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

Insider Activity

In related news, EVP Harmit Singh sold 98,144 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the transaction, the executive vice president owned 98,747 shares in the company, valued at $2,391,652.34. The trade was a 49.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 owned by insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently bought and sold shares of the business. Essential Partners LLC increased its stake in shares of Levi Strauss & Co. by 42.1% during the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock valued at $45,000 after buying an additional 532 shares during the period. Figure 8 Investment Strategies LLC lifted its stake in Levi Strauss & Co. by 1.6% in the second quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker’s stock worth $1,293,000 after acquiring an additional 830 shares during the period. EP Wealth Advisors LLC lifted its stake in Levi Strauss & Co. by 6.1% in the second quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker’s stock worth $376,000 after acquiring an additional 867 shares during the period. Nykredit A S bought a new stake in Levi Strauss & Co. in the second quarter valued at $36,000. Finally, Legal & General Group Plc increased its position in Levi Strauss & Co. by 2.4% during the 2nd quarter. Legal & General Group Plc now owns 63,716 shares of the blue-jean maker’s stock valued at $1,582,000 after purchasing an additional 1,520 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.