Guggenheim analyst Robert Drbul reiterated a Buy rating on Levi Strauss & Co (LEVI – Research Report) on July 7 and set a price target of $33.00. The company’s shares closed last Monday at $16.89, close to its 52-week low of $15.62.
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 6.9% and a 57.5% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Lululemon Athletica, and Columbia Sportswear.
Currently, the analyst consensus on Levi Strauss & Co is a Strong Buy with an average price target of $26.14, a 58.9% upside from current levels. In a report issued on July 8, UBS also maintained a Buy rating on the stock with a $31.00 price target.
Based on Levi Strauss & Co’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $1.59 billion and net profit of $196 million. In comparison, last year the company earned revenue of $1.28 billion and had a net profit of $64.72 million.
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Levi Strauss & Co. engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.
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