Levi Strauss & Co. (NYSE:LEVI) was among the stocks covered in Jim Cramer’s Mad Money recap as he urged investors to focus on the fundamentals of companies. When a caller mentioned that they are thinking of getting out of NKE and into LEVI, Cramer remarked:
Alright, I like Levi Strauss at $23, $24. Now, I’ve liked it. It’s been right. And I’ve gotta tell you, I think Michelle Gass is doing a good job. I’d buy the stock.
Stock market charts. Photo by Kaboompics.com on Pexels
Levi Strauss & Co. (NYSE:LEVI) offers apparel and footwear for all ages under brands like Levi’s, Denizen, and Beyond Yoga. During the April 2 episode, Cramer discussed the company ahead of its earnings results, as he commented:
Some companies, they really struggle for respect. I think that’s the case with Levi’s, which keeps delivering, yet the stock stays at around 19 bucks as if they’re doing nothing right, which couldn’t be further from the truth. The company reports next Tuesday after the close, and I think that once again, CEO Michelle Gass will put up more than respectable earnings. I just wonder if it’ll matter. 3% yield, good growth. I don’t understand why someone doesn’t just create an apparel colossus around it.
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