BTIG Initiates Coverage on Levi Strauss (LEVI) with a Buy Rating and $27 Price Target

Core Insights - Levi Strauss & Co. is recognized as one of the 15 Dividend Growth Stocks with the highest growth rates [1] - BTIG initiated coverage on Levi Strauss with a Buy rating and a price target of $27, citing the strength of the Levi's brand and strong financial performance [2][3] Financial Performance - The company reported gross profit margins of 61.38% and revenue growth of 11.22% over the past twelve months [3] - Levi Strauss distributed $151 million to investors during the quarter, marking a 118% increase from the same period last year [5] - The quarterly dividends amounted to $55 million, with a current quarterly dividend of $0.14 per share and a dividend yield of 2.77% as of October 30 [5] Management and Growth Outlook - BTIG expressed confidence in the management team's ability to execute corporate strategy effectively, positioning the company for sustained growth [4] - Earnings per share are forecasted to be $1.32 for fiscal year 2025, increasing to $1.48 in fiscal year 2026 [4]