Levi Strauss & Co. (NYSE:LEVI) is one of the 22 stocks Jim Cramer recently talked about. Coming to the company, Cramer said, “Hey, Levi’s had a decent story when it reported, some Vietnam exposure there.”
A stylishly dressed man wearing jeans and a jacket from the company, smiling confidently.
Levi Strauss (NYSE:LEVI) designs and markets apparel and accessories for men, women, and children. The company provides jeans, activewear, tops, footwear, and related items sold under multiple brand names. Back in April, appearing on Squawk on the Street, Cramer commented:
“[Talking about the CEO of Levi Strauss] She’s trying to figure out what to do where. But what matters is they have tremendous organic growth. Management reiterated their earnings per share guidance of $1.20, $1.25. Our friend Matt Boss has a terrific piece out saying it’s the early innings. Upgrades to overweight. Don’t forget they have a 3.8% yield. And denim is doing incredibly well. And you come into stocks at 10 times earnings. This is the kind of thing that I like. Stock that is just being crushed where the fundamentals are actually improving. And there are enough out there that you just have to find them. So I like Levi Strauss very much. And look, I think that their direct-to-consumer initiative is very strong.”
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