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

Levi Strauss & Co. (NYSE:LEVI) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.17-1.27 for the period, compared to the consensus EPS estimate of $1.25. The company issued revenue guidance of $6.24 billion, compared to the consensus revenue estimate of $6.32 billion. Levi Strauss & Co. also updated its FY 2024 guidance to 1.170-1.270 EPS.

Wall Street Analysts Forecast Growth

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

Levi Strauss & Co. Trading Down 2.9 %

Shares of NYSE LEVI opened at $21.05 on Thursday. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The company has a 50-day moving average of $19.11 and a two-hundred day moving average of $20.34. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. The company has a market cap of $8.37 billion, a PE ratio of 60.14, a P/E/G ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. As a group, equities analysts expect that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. The disclosure for this sale can be found here. Insiders have sold a total of 33,334 shares of company stock valued at $655,765 in the last ninety days. 3.14% of the stock is currently owned by company 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.