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Levi Strauss & Co (NYSE:LEVI)’s Class A stock has reached a 52-week high, hitting $21.98. This milestone reflects a notable performance in the stock market over the past year. The stock has experienced a positive 1-year change, with a 3.24% increase. The achievement of this 52-week high suggests a period of growth and investor confidence in Levi Strauss & Co, as the company continues to navigate the competitive landscape of the apparel industry. This upward trend marks a significant point for investors, indicating potential for continued success in the coming months.
In other recent news, Levi Strauss & Co. reported a strong second-quarter performance, with earnings and revenue exceeding expectations. The company achieved adjusted earnings per share of $0.22, surpassing consensus estimates of $0.14, and reported a 9% organic revenue growth, significantly higher than anticipated. Following these results, Levi Strauss increased its fiscal year 2025 earnings guidance to $1.25-$1.30 per share, above the previous consensus estimate of $1.23. Revenue growth was notable across various segments, with women’s products and e-commerce each growing by 13% and international sales increasing by 10%, driven by Europe and Latin America.
Several investment firms responded positively to Levi’s performance. Stifel raised its price target to $24, citing strong execution and a shift toward higher-value products. JPMorgan increased its target to $23, highlighting the company’s revenue growth and operating margin expansion. Wells Fargo (NYSE:WFC) set a new target of $25, noting Levi’s consistent same-store sales growth over 13 quarters. Citi also raised its price target to $22, despite maintaining a Neutral rating, acknowledging the robust sales growth in Europe and the United States. Analysts from these firms emphasized Levi Strauss’s ability to mitigate tariff impacts and maintain a strong revenue position.
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