Levi Strauss <\/a>shares were trading 3.17%, or $0.65, lower at $19.88 at 10:21 a.m. EDT on Wednesday.<\/p>\nThe stock is trading closer to its 52-week low of $17.92 than its 52-week high of $25.53. Shares are down 4.13% so far this year.<\/p>\n
Despite the recent decline, the stock continues to attract attention, with its forward price-to-earnings ratio at around 12.6.<\/p>\n
Analysts maintain bullish view on Levi Strauss<\/p>\n
Analysts have taken different approaches to their price targets ahead of the earnings announcement.<\/p>\n
Jefferies last week cut its price target on Levi Strauss to $25 from $27 but maintained its \u2018Buy\u2019 rating.<\/p>\n
UBS, meanwhile, reiterated its \u2018Buy\u2019 rating and retained a $34 price target. The brokerage expects Levi Strauss to report adjusted earnings of $0.36 per share for the third quarter, in line with consensus estimates.<\/p>\n
UBS also expects stronger revenue performance to support an improvement in the company’s fiscal 2026 earnings-per-share guidance.<\/p>\n
The brokerage sees the fourth quarter as an important catalyst for operating margin and expects the company to maintain a sustainable mid-single-digit or higher revenue growth trajectory into 2027.<\/p>\n
The appointment of a new chief financial officer is also expected to support Levi Strauss’ focus on global growth.<\/p>\n
Levi Strauss beat estimates in Q2<\/p>\n
Levi Strauss had exceeded Wall Street expectations on both revenue and earnings in the second quarter.<\/p>\n
The company reported adjusted earnings of 28 cents per share and revenue of $1.56 billion. Reported net income stood at $87.3 million, or 22 cents per share.<\/p>\n
Investors will now be watching whether the company can maintain its growth momentum in the third quarter and provide an improved outlook for the remainder of fiscal 2026.<\/p>\n
Cybersecurity incident remains a concern<\/p>\n
Levi Strauss also disclosed a cybersecurity incident in August involving unauthorized access to company files through social engineering techniques.<\/p>\n
The company said no consumer data was affected and that it had engaged third-party cybersecurity experts to investigate the incident.<\/p>\n
The focus will now shift to the company’s earnings report and management commentary on demand, margins, global growth and its outlook for the remainder of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"Levi Strauss & Co. shares were under pressure on Wednesday as investors awaited the apparel maker’s third-quarter (Q3)…\n","protected":false},"author":2,"featured_media":639346,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,288389,85,46,288388,288387,133034,2376,196],"class_list":["post-639345","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-denim-jeans","tag-il","tag-israel","tag-levi-strauss-earnings","tag-levi-strauss-shares","tag-levis","tag-us-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/639345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=639345"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/639345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/639346"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=639345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=639345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=639345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}