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Investing.com - TD Cowen raised its price target on Levi Strauss & Co . (NYSE:LEVI) to $22.00 from $17.00 on Friday, while maintaining a Buy rating on the stock.
The price target increase follows Levi’s second-quarter earnings report, which showed earnings per share of 22 cents compared to analysts’ expectations of 11 cents, representing a 100% upside.
The denim maker reported revenue growth of 6.4% year-over-year, significantly outperforming analyst projections of 1% growth, while operating margin came in at 7.5% versus the expected 6%.
Levi Strauss demonstrated strong performance across all regions with 9% organic growth in the Americas and 15% in Europe, while the Levi’s brand itself grew 9% overall.
The company has raised its guidance by 5 cents, representing a 4% increase and projecting second-half earnings per share of 69 cents, according to TD Cowen’s analysis.
In other recent news, Levi Strauss & Co. reported a strong second-quarter performance, exceeding earnings expectations with a notable earnings beat of 9 cents per share. The company also achieved a 6% revenue growth, surpassing the anticipated 1% increase. UBS maintained its Buy rating and set a price target of $20.00, highlighting the company’s strategic transformation. Stifel raised its price target to $24.00, citing Levi Strauss’s strong execution and increased fiscal year 2025 guidance despite potential tariff impacts. JPMorgan also raised its price target to $23.00, acknowledging the company’s broad-based organic revenue growth and improved operating margins. Wells Fargo (NYSE:WFC) set a new price target of $25.00, noting Levi’s strength across multiple segments, including women’s products and e-commerce. Levi Strauss has now posted 13 consecutive quarters of positive same-store sales, with high single-digit organic growth in the last three quarters. The company maintained its full-year EBIT margin guidance at 11.4-11.6% and expects third-quarter revenue growth of 3-4%.
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