Levi Strauss & Co. (NYSE:LEVI) Class A shares climbed to a 52-week high of $23.41, highlighting a strong upward trend over the past year. Over the last 12 months, the stock has gained 11.35%, signaling steady growth and growing investor confidence. The company’s market strength and strategic initiatives have contributed to this positive momentum, underscoring its solid positioning in the apparel industry.
The company recently reported second-quarter earnings that exceeded expectations, posting earnings per share of $0.22, more than double the $0.11 forecast. Analysts credited the results to solid revenue growth and improved gross margins. In response, TD Cowen raised its price target for Levi Strauss shares from $17 to $22 while maintaining a Buy rating. UBS also upheld its Buy recommendation, increasing its price target to $28 from $20, highlighting the company’s transformation into a global, multi-channel lifestyle brand.
In corporate developments, Levi Strauss appointed Chris Callieri as chief supply chain officer, effective September 15. Callieri will manage global supply chain operations and play a key role on the company’s executive team. Additionally, Levi Strauss has priced €475 million in senior notes due in 2030, with the offering expected to close by July 2025. These moves illustrate the company’s focus on strategic growth and careful financial planning as it expands its international footprint.
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