Levi Strauss & Co. (NYSE:LEVI) Stock Price Target Cut by TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its target price reduced by equities researchers at TD Cowen from $28.00 to $23.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the blue-jean maker’s stock. TD Cowen’s price target indicates a potential upside of 16.34% from the company’s current price.

LEVI has been the topic of a number of other research reports. Wall Street Zen cut shares of Levi Strauss & Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. BTIG Research restated a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a report on Thursday, October 8th. Wells Fargo & Company reduced their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 8th. Bank of America decreased their price objective 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 8th. Finally, Citigroup dropped their target price on Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.92.

Levi Strauss & Co. Price Performance

Levi Strauss & Co. stock opened at $19.77 on Thursday. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $20.76 and its 200 day moving average is $22.17. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.17 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.12. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.34 EPS. The business’s 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. Sell-side analysts forecast that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In other news, EVP Harmit Singh sold 98,144 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $2,391,652.34. This represents a 49.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fund 1 Investments LLC bought a new stake in Levi Strauss & Co. during the 2nd quarter valued at $3,318,000. Engineers Gate Manager LP lifted its stake in shares of Levi Strauss & Co. by 74.3% during the 2nd quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock worth $20,152,000 after purchasing an additional 345,855 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Levi Strauss & Co. by 42.8% during the second quarter. Jones Financial Companies Lllp now owns 180,423 shares of the blue-jean maker’s stock valued at $4,428,000 after purchasing an additional 54,107 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Levi Strauss & Co. during the fourth quarter valued at about $1,887,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in Levi Strauss & Co. during the second quarter valued at about $2,203,000. 69.14% of the stock is currently owned by institutional investors.

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.