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Levi Strauss & Co Class A stock has achieved a notable milestone by reaching a 52-week high at 22.35 USD. This marks a significant point for the iconic denim company, reflecting positive market sentiment and investor confidence. Over the past year, Levi’s stock has experienced a robust increase of 18.17%, with an even more impressive year-to-date return of 29.86%. The company’s impressive gross profit margin of 61.13% underscores its resilience and growth in the competitive retail sector, and InvestingPro analysis suggests the stock may still be slightly undervalued. This achievement comes amidst a dynamic economic landscape, where Levi’s strategic initiatives and brand strength have played a pivotal role in driving its stock performance to this new high. For deeper insights into LEVI’s valuation and 14 additional key ProTips, including comprehensive financial analysis, explore the full Pro Research Report available on InvestingPro.
In other recent news, Levi Strauss & Co. reported second-quarter earnings that surpassed expectations, with earnings per share reaching 22 cents compared to the anticipated 11 cents. This performance was bolstered by stronger-than-expected revenue growth and improved gross margin. Following these results, TD Cowen raised its price target for Levi Strauss to $22 from $17, maintaining a Buy rating on the stock. Similarly, UBS increased its price target to $28 from $20, also maintaining a Buy rating, citing Levi’s transformation into a global, multi-channel lifestyle brand.
Additionally, Levi Strauss has priced €475 million in senior notes due in 2030, with the offering expected to close in July 2025, subject to customary conditions. The company also announced the appointment of Chris Callieri as the new chief supply chain officer, effective September 15. Callieri will oversee global supply chain operations and join the executive leadership team. These developments highlight Levi Strauss’s strategic moves in leadership and financial planning.
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