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Levi Strauss (NYSE:LEVI) & Co shares tumbled to a 52-week low of $15.61, reflecting broader market headwinds and specific challenges facing the apparel industry. The iconic denim brand, known for its Levi’s jeans, has seen its stock price significantly retreat from higher levels over the past year, marking a 1-year change of -14.36%. Investors are closely monitoring the company’s performance as it navigates through shifting consumer trends and a competitive retail landscape, which have contributed to the stock’s downward trajectory. The current price level presents a critical juncture for Levi as it strives to strengthen its market position and revitalize growth amidst a challenging economic environment. InvestingPro analysis suggests the stock is currently undervalued, with analysts setting price targets ranging from $17 to $25. Discover more insights and detailed valuation metrics with InvestingPro’s comprehensive research report, part of its coverage of 1,400+ US stocks.
In other recent news, Levi Strauss & Co. reported net revenues of $6.4 billion for the year 2024, marking a significant achievement. The company has also undertaken a reorganization of its executive team to focus on enhancing its omnichannel retailing capabilities. This restructuring involves expanded roles for several key leaders, including Karyn Hillman and Jason Gowans, as well as the appointment of Bernard Bedon as the new Chief Human Resources Officer. Guggenheim analysts have increased their price target for Levi Strauss to $22, maintaining a Buy rating, reflecting confidence in the company’s strategic direction and growth potential. Meanwhile, TD Cowen adjusted its price target to $22, acknowledging Levi’s strong earnings performance, which exceeded expectations, but also noting challenges such as currency exchange headwinds and a higher tax rate. Stifel analysts have maintained a Buy rating with a $25 price target, citing the company’s strong revenue growth and improved gross margins. Telsey Advisory Group adjusted Levi’s price target to $23 while retaining an Outperform rating, highlighting the company’s substantial revenue growth and strong performance in the direct-to-consumer and wholesale channels. These developments underscore Levi Strauss’s efforts to navigate a changing retail landscape and enhance its market position.
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