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Levi Strauss (NYSE:LEVI) & Co shares tumbled to a 52-week low of $15.44, reflecting a challenging period for the iconic denim brand. Over the past year, the company’s stock has experienced a significant downturn, with a 1-year change showing a decline of -22.71%. This latest price level underscores the pressures faced by the retail sector, as shifting consumer habits and economic headwinds weigh heavily on traditional apparel companies. Levi’s, known for its classic jeans and casual wear, is navigating a retail landscape that demands innovation and adaptability to stay ahead of the competition and maintain consumer loyalty. For deeper insights into LEVI’s valuation and 8 additional exclusive ProTips, visit InvestingPro, where you’ll find comprehensive analysis in our Pro Research Report.
In other recent news, Levi Strauss & Co. reported net revenues of $6.4 billion for the year 2024, reflecting a strong performance in the evolving retail landscape. The company has undergone a significant leadership reorganization to bolster its omnichannel retailing strategy, with key roles expanded to enhance digital capabilities and consumer focus. Guggenheim analysts have raised their price target for Levi Strauss to $22, maintaining a Buy rating, following a showroom tour and discussions with the company’s top executives. Meanwhile, TD Cowen adjusted Levi’s price target to $22 from $23, also retaining a Buy rating, after the company exceeded earnings and revenue expectations for the recent quarter.
Stifel analysts have maintained a Buy rating with a $25 price target, citing strong organic revenue growth and improved gross margins, despite challenges such as foreign exchange fluctuations and changes in tax rates. Telsey Advisory Group adjusted their price target for Levi Strauss to $23, down from $26, while retaining an Outperform rating, noting substantial revenue growth and a strong finish to the year. The company’s strategic initiatives, including Project Fuel for cost savings, are expected to drive efficient operations. Despite a conservative outlook for fiscal year 2025 due to foreign exchange headwinds, analysts express confidence in Levi’s core business strength and long-term growth potential.
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