Jim Cramer Says Some Companies “Really Struggle for Respect” and “That’s the Case With Levi’s”

Levi Strauss & Co. (NYSE:LEVI) is among Jim Cramer’s latest stock calls as he covered Exxon, Lockheed, and others. Cramer noted that the stock is not moving even though the company “keeps delivering.” He said:

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.

A technical stock market chart. Photo by Energepic from Pexels

Levi Strauss & Co. (NYSE:LEVI) offers apparel and footwear for all ages under brands like Levi’s, Denizen, and Beyond Yoga. Cramer discussed the company’s previous earnings during the January 28 episode, as he remarked:

After the close, we got the latest numbers from Levi Strauss, the iconic denim maker. They delivered a modest top and bottom line beat. However, the full-year earnings forecast was a little light, even as the revenue forecast was solid… This is a company that’s had a lot of success broadening out its selection of merchandise beyond just jeans. But Levi’s also suffered from President Trump’s trade war. The last time they reported three months ago, the stock had soared going into the quarter. Sold off hard. It’s been struggling to find its footing ever since, as has almost every single apparel company.

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