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Levi Strauss (NYSE:LEVI) & Co shares tumbled to a 52-week low of $13.25, reflecting a challenging period for the iconic denim brand. Over the past year, the company's stock has experienced a significant downturn, with the 1-year change data showing a decline of -33.82%. This drop underscores the broader headwinds facing the retail sector, including supply chain disruptions and changing consumer habits post-pandemic. Investors and analysts are closely monitoring the company's strategy to navigate through these market conditions and revitalize its financial performance. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with analysts setting price targets between $17 and $25. Discover 10+ additional exclusive insights and detailed valuation metrics with InvestingPro's comprehensive research report.
In other recent news, Levi Strauss & Co. reported net revenues of $6.4 billion for the year 2024, demonstrating robust financial performance. The company has also undergone a significant reorganization of its executive team to enhance its focus on omnichannel retailing, aiming to improve agility and consumer engagement. Guggenheim analysts have raised their price target for Levi Strauss to $22, maintaining a Buy rating, reflecting confidence in the company's long-term growth prospects following a successful showroom tour and strategic advancements.
TD Cowen also updated its outlook, reducing the price target to $22 while retaining a Buy rating, citing Levi's impressive earnings report that exceeded expectations. However, they noted a cautious outlook for fiscal year 2025 due to challenges such as higher tax rates and currency exchange headwinds. Stifel analysts maintained a Buy rating with a $25 price target, emphasizing Levi's strong brand performance and growth in gross margin, despite acknowledging potential challenges from foreign exchange fluctuations and tax changes.
Telsey Advisory Group adjusted their price target to $23 from $26, maintaining an Outperform rating, recognizing Levi's substantial revenue growth and record gross margin. The company's conservative fiscal year 2025 outlook is attributed to foreign exchange headwinds, yet Telsey expressed confidence in Levi's core business strength and strategic initiatives like Project Fuel. These recent developments highlight Levi Strauss & Co.'s strategic efforts and financial performance amidst evolving market conditions.
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