Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $23.00 by Analysts at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI) had its price target lowered by equities research analysts at Telsey Advisory Group from $26.00 to $23.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 20.70% from the company’s previous close. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.41 EPS.

Several other research analysts have also weighed in on the company. Stifel Nicolaus cut their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Guggenheim restated a “buy” rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a report on Friday, January 24th. TD Cowen reduced their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup dropped their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average price target of $21.36.

Levi Strauss & Co. Stock Up 1.1 %

LEVI opened at $19.06 on Thursday. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34. The business has a 50-day moving average of $17.58 and a two-hundred day moving average of $18.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 26.00%. On average, research analysts expect that Levi Strauss & Co. will post 1.36 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 8,332 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the sale, the director now directly owns 108,344 shares of the company’s stock, valued at $1,950,192. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. bought a new position in Levi Strauss & Co. during the third quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $39,000. Quarry LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after buying an additional 4,966 shares during the period. Finally, Matrix Trust Co grew its position in shares of Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after buying an additional 4,800 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.