On Monday, Levi Strauss & Co. (NYSE:LEVI) disclosed that Lisa Stirling, currently serving as the company’s Global Controller and Principal Accounting Officer, will be transitioning to a new role within the organization. Stirling is set to become Vice President, U.S. and Canada Finance, a move aimed at furthering her career development.
The apparel manufacturer, headquartered in San Francisco, California, has initiated a search for Stirling’s successor by engaging an executive search firm. In the interim, Stirling will maintain her responsibilities as Global Controller and Principal Accounting Officer to ensure a seamless transition to her successor once identified. The company maintains a strong financial position with a healthy current ratio of 1.5 and has consistently raised its dividend for six consecutive years, according to InvestingPro data.
The company emphasized that Stirling’s role change is not due to any disagreements regarding accounting practices, financial statement disclosures, or policies within the company. With a solid Piotroski Score of 8 and moderate debt levels, InvestingPro analysis suggests the company maintains strong financial health fundamentals. InvestingPro subscribers have access to over 30 additional financial metrics and insights for LEVI.
Levi Strauss & Co.’s announcement comes as part of an 8-K filing with the Securities and Exchange Commission dated April 30, 2025. The filing noted no other changes in executive leadership and provided no further details on potential candidates for the Global Controller position.
Investors and stakeholders in Levi Strauss & Co. can expect continuity in the company’s financial management during this period of transition. The company’s shares are traded on the New York Stock Exchange under the ticker symbol LEVI. This report is based on a press release statement.
In other recent news, Levi Strauss & Co. has seen several significant developments. Wells Fargo upgraded Levi Strauss’s stock rating from Equal Weight to Overweight, raising the price target to $20.00, citing the brand’s strong direct-to-consumer momentum and minimal exposure to Chinese tariffs. UBS maintained a Buy rating with a $20.00 target, highlighting Levi’s impressive $0.10 earnings per share beat in the first quarter of 2025, attributed to robust revenue growth and gross margins. Stifel analysts adjusted their price target for Levi Strauss to $20.00 from $25.00, noting an 8.6% year-over-year organic revenue growth and a $0.38 adjusted EPS, though they expressed concerns about potential tariff impacts.
JPMorgan also made adjustments, lifting Levi’s stock rating to Overweight while lowering the price target to $17.00, emphasizing the attractive valuation following a significant stock price decline. The firm noted Levi’s consistent global demand growth and strategic focus on higher-margin segments. Levi Strauss’s diversified supply chain, with only 1% of sourcing from China, has been repeatedly highlighted as a protective measure against tariffs. This strategy positions the company favorably relative to the broader industry.
Additionally, JPMorgan maintained an Overweight rating with an $18.00 price target, following discussions with Levi’s executives about the company’s "DTC First" strategy and long-term operating margin goals. The company aims for balanced expansion across sales channels and expects significant earnings growth by FY25. These recent developments reflect a cautious yet optimistic outlook from analysts, focusing on Levi Strauss’s strategic initiatives and financial performance.
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