Levi Strauss & Co. (NYSE:LEVI) Releases FY24 Earnings Guidance

Levi Strauss & Co. (NYSE:LEVI) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.17-1.27 for the period, compared to the consensus earnings per share estimate of $1.25. The company issued revenue guidance of $6.24 billion, compared to the consensus revenue estimate of $6.32 billion.

Wall Street Analysts Forecast Growth

LEVI has been the subject of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a buy rating in a research note on Monday, June 24th. JPMorgan Chase & Co. lowered their price target on Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a report on Thursday, June 27th. TD Cowen dropped their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a buy rating on the stock in a research report on Friday, September 27th. Telsey Advisory Group reaffirmed an outperform rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Friday, September 27th. Finally, OTR Global began coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a positive rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has an average rating of Moderate Buy and an average target price of $23.25.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock traded down $0.62 on Wednesday, hitting $21.06. The company’s stock had a trading volume of 4,829,110 shares, compared to its average volume of 2,210,448. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $19.04 and a 200-day moving average price of $20.33. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $24.34. The company has a market capitalization of $8.37 billion, a P/E ratio of 60.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

Insider Activity

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the transaction, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction 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 sale, the director now owns 229,176 shares in the company, valued at $4,583,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at $2,952,508.70. The disclosure for this sale can be found here. Insiders have sold 33,334 shares of company stock worth $655,765 over the last three months. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Company Profile

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.