Levi Strauss & Co. (NYSE:LEVI) Sets New 12-Month Low on Analyst Downgrade

Posted by on Oct 7th, 2023

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) shares hit a new 52-week low on Friday after Telsey Advisory Group lowered their price target on the stock from $18.00 to $16.00. Telsey Advisory Group currently has an outperform rating on the stock. Levi Strauss & Co. traded as low as $12.42 and last traded at $12.69, with a volume of 1600022 shares trading hands. The stock had previously closed at $13.21.

Several other equities analysts have also weighed in on the stock. TD Cowen initiated coverage on shares of Levi Strauss & Co. in a research report on Wednesday, September 27th. They issued an “outperform” rating and a $16.00 price objective on the stock. Wells Fargo & Company lowered their price target on shares of Levi Strauss & Co. from $18.00 to $15.00 in a research report on Friday, July 7th. Citigroup lowered their price target on shares of Levi Strauss & Co. from $15.00 to $14.00 in a research report on Friday, July 7th. Stifel Nicolaus lowered their price target on shares of Levi Strauss & Co. from $19.00 to $17.00 in a research report on Friday, July 7th. Finally, Bank of America lowered their price target on shares of Levi Strauss & Co. from $16.00 to $14.00 in a research report on Friday, July 7th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.64.

View Our Latest Analysis on Levi Strauss & Co.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of large investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of Levi Strauss & Co. by 43.9% in the 3rd quarter. International Assets Investment Management LLC now owns 27,800 shares of the blue-jean maker’s stock valued at $367,000 after purchasing an additional 8,477 shares in the last quarter. Intrepid Capital Management Inc. boosted its position in Levi Strauss & Co. by 17.3% during the 2nd quarter. Intrepid Capital Management Inc. now owns 128,036 shares of the blue-jean maker’s stock worth $1,848,000 after buying an additional 18,896 shares during the period. Nuveen Asset Management LLC boosted its position in Levi Strauss & Co. by 26.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 227,381 shares of the blue-jean maker’s stock worth $3,281,000 after buying an additional 47,023 shares during the period. Wells Fargo & Company MN boosted its position in Levi Strauss & Co. by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 537,135 shares of the blue-jean maker’s stock worth $7,751,000 after buying an additional 12,616 shares during the period. Finally, Bragg Financial Advisors Inc acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $2,999,000. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Down 0.8 %

The firm’s 50-day moving average is $13.88 and its 200 day moving average is $14.36. The company has a current ratio of 1.41, a quick ratio of 0.68 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 11.91, a P/E/G ratio of 0.54 and a beta of 1.17.

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last posted its earnings results on Thursday, October 5th. The blue-jean maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.54 billion. Levi Strauss & Co. had a net margin of 7.12% and a return on equity of 23.46%. The firm’s revenue was down .4% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, equities analysts predict that Levi Strauss & Co. will post 1.12 earnings per share for the current fiscal year.

Levi Strauss & Co. Company Profile

(Get Free Report)

Levi Strauss & Co engages in the design, marketing, and sale of apparels and related accessories for men, women, and children in the Americas, Europe, and Asia. It offers jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related products under the Levi's, Dockers, Beyond Yoga, Signature by Levi Strauss & Co, and Denizen brands.

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