Levi Strauss & CoNYSE: LEVI

I downgrade my buy rating to hold rating for Levi Strauss & Co. Strong DTC growth and margin improvement reported in recent earnings. However, the upside is no longer attractive, and the market is unlikely to rerate the stock upwards due to poor guidance.

Interest in everything related to Western fashion is driving up demand for denim clothing such as skirts and dresses, according to San Francisco-based Levi Strauss. The frenzy comes as Western wear has gained a groundswell of cultural support that's caught the attention of the consumers, not to mention the retailer's chief executive and Wall Street.

Anthony Forcione, Rockland Trust portfolio manager, joins 'Power Lunch' to discuss stock plays for three stocks.

Shares of Levi Strauss & Co. (LEVI) dropped on Thursday morning despite reporting an 8% rise in sales in its second quarter results. The apparel company laid out plans to cut back on costs by selling more directly to consumers.

Levi Strauss beat on earnings last night (even if its beat isn't as impressive as you might have heard). GAAP profits were only $0.04 per share, but Levi's free cash flow is surging.

Although denim is back in style -- including the resurgence of early 2000s jorts -- Levi Strauss isn't seeing a significant bump in sales.

Shares of Levi Strauss (LEVI) cratered Thursday, a day after the jeans maker missed sales estimates and kept its guidance steady on weakness in wholesale revenue and demand for its Dockers brand.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Levi Strauss (LEVI) posts earnings beat during second-quarter fiscal 2024. Revenues rise 9% year over year on a constant-currency basis.