Bank of America Securities analyst Christopher Nardone reiterated a Buy rating on Levi Strauss & Co today and set a price target of $26.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Christopher Nardone has given his Buy rating due to a combination of factors that highlight Levi Strauss & Co’s potential for growth and profitability. The company is in the early stages of a growth cycle, with strategies focused on product expansion, particularly in women’s apparel, and premiumization. These initiatives are expected to drive consistent mid-single-digit sales growth and margin expansion.
Additionally, Levi’s direct-to-consumer momentum, supported by store reorganization and a focus on women’s products, is a key growth engine. Management’s initiatives, such as leveraging the recent success of the Beyoncé campaign and exploring new opportunities in music, western, and sports, are expected to maintain brand momentum. Despite macroeconomic uncertainties and increased tariffs, the company is well-positioned to manage these challenges, with structural drivers like lower markdown rates and reduced cotton costs supporting its growth trajectory.
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LEVI in relation to earlier this year.