BTIG reiterates Levi Strauss stock rating on diversified growth
BTIG maintained a Buy rating and $27.00 price target for Levi Strauss (LEVI) after its Q3 2026 results. Net sales rose 4.3% YoY to $1.6B, with adjusted EPS at $0.48. Gross margin increased to 66.2%, partly due to tariff refunds. Direct-to-consumer performance was weak, but international and wholesale segments showed strength. The stock trades at a P/E of 14 and PEG of 0.22, per InvestingPro.
How this was made
The 30-second read
Why it matters
The earnings beat may sustain the BTIG Buy rating, yet the revenue shortfall could limit short‑term upside.
Market read
Earnings release provides fresh data for traders; mixed results suggest cautious positioning.
What to watch
Tariff refund benefits and strong gross margin expansion may support longer‑term upside.
Background
Levi Strauss posted Q3 2026 results with net sales of $1.6 B (+4.3% YoY) and adjusted EPS of $0.48, beating estimates, but revenue missed consensus, leading to after‑hours price decline.
Ticker impact
BTIG reiterated a Buy rating and $27 price target after Levi Strauss reported Q3 2026 earnings with an EPS beat but a slight revenue miss, causing after‑hours price movement.
likely slight downside as the revenue miss outweighs the earnings beat
Revenue fell short of consensus, prompting after‑hours sell pressure, while the EPS beat and higher price target provide limited upside.
Market effects
Denim/apparel sector may see modest scrutiny on revenue guidance after Levi's miss.
U.S. consumer discretionary stocks could face slight pressure.
Limited; impact confined to apparel and consumer discretionary investors.
Counterpoint
Investors could view the EPS beat and higher price target as a buying opportunity despite the revenue miss.
Key entities
- CompanyLevi Strauss & Co.
Denim apparel maker reporting Q3 2026 earnings.
- Research FirmBTIG
Maintained Buy rating and $27 price target.

