Paul Lejuez, an analyst from Citi, maintained the Hold rating on Levi Strauss & Co. The associated price target remains the same with $19.00.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Paul Lejuez has given his Hold rating due to a combination of factors, including expectations for Levi Strauss & Co’s second-quarter sales and earnings per share to align with consensus estimates and company guidance. While the company has shown solid trends, particularly in March, and management is likely to reiterate its annual guidance, the recent positive sentiment and strong stock performance have set a high bar for the upcoming quarter.
Lejuez also notes that management’s guidance does not account for potential tariff impacts, though they are expected to mitigate these costs. Despite an anticipated good quarter, the stock’s recent performance, with a 43% increase since the first quarter report, suggests that expectations are already high. Consequently, the Hold rating reflects a cautious approach, considering the elevated market expectations and the company’s ability to meet its guidance amidst external challenges.
According to TipRanks, Lejuez is a 5-star analyst with an average return of 9.9% and a 58.23% success rate. Lejuez covers the Consumer Cyclical sector, focusing on stocks such as Urban Outfitters, PVH, and Nike.