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Levi Strauss & Co Class A stock has reached a 52-week high, hitting $23.41. This milestone marks a significant achievement for the company, reflecting a positive trend over the past year. Over the last 12 months, Levi Strauss & Co has experienced a 1-year change of 11.35%, indicating steady growth and investor confidence. The company’s performance has been bolstered by strategic initiatives and a robust market presence, contributing to its upward trajectory in stock value. As Levi Strauss & Co continues to innovate and expand its offerings, the stock’s recent high underscores its strong position in the market.
In other recent news, Levi Strauss & Co. reported second-quarter earnings that surpassed analysts’ expectations, delivering earnings per share of 22 cents, significantly above the anticipated 11 cents. This strong performance was attributed to robust revenue growth and improved gross margins. Following this earnings report, TD Cowen increased its price target for Levi Strauss to $22 from $17, while maintaining a Buy rating. UBS also maintained its Buy rating, raising its price target to $28 from $20, citing the company’s transformation into a global, multi-channel lifestyle brand.
In addition to financial updates, Levi Strauss announced the appointment of Chris Callieri as chief supply chain officer, effective September 15. Callieri will oversee global supply chain operations and contribute to the company’s executive leadership team. Furthermore, Levi Strauss has priced €475 million in senior notes due in 2030, with the sale expected to close by July 2025. These developments reflect the company’s strategic initiatives and financial planning as it continues to expand its global presence.
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