Macy's proxy fight is over, but the battle for the department store's future wages on
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 13 2024
0mins
Should l Buy LEVI?
Source: CNBC
- Macy's Board of Directors: Macy's board appoints two new members from activist Arkhouse Management after a settlement, potentially impacting the retailer's future.
- Financial Struggles: Macy's has faced financial challenges with declining sales and stock prices over the past decade, leading to pressure from activist investors.
- CEO's Turnaround Plan: CEO Tony Spring aims to revamp Macy's by closing underperforming stores, focusing on stronger locations, and investing in successful chains like Bloomingdale's.
- Activist Investor Threat: Arkhouse and Brigade Capital Management are conducting due diligence to potentially acquire Macy's, raising concerns about the retailer's future direction.
- Future Uncertainty: The settlement with Arkhouse may give Macy's time to implement its turnaround strategy, but the battle for control over the company is ongoing.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy LEVI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on LEVI
Wall Street analysts forecast LEVI stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 22.490
Low
26.00
Averages
26.50
High
27.00
Current: 22.490
Low
26.00
Averages
26.50
High
27.00
About LEVI
Levi Strauss & Co. is an apparel company. The Company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's, Levi Strauss Signature, and Beyond Yoga brands. The Company operates through three geographical segments: Americas, Europe and Asia. It designs, markets and sells directly or through third parties and licensees’ products that include jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets and related accessories for men, women and children around the world. Its products are sold in approximately 120 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,300 retail stores and shop-in shops. Outside the United States, department stores, specialty retailers, franchised or other brand-dedicated stores and shop-in-shops have traditionally been its primary distribution channels.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Texas Instruments Earnings Outlook: Texas Instruments forecasts current-quarter earnings per share between $1.77 and $2.05, exceeding the consensus of $1.57, with revenue expected between $5 billion and $5.4 billion, significantly above the $4.86 billion anticipated by analysts, indicating strong performance and growth potential in the semiconductor market.
- American Airlines Performance: American Airlines shares rose over 4% after reporting first-quarter results that exceeded expectations, although the company cut its full-year earnings outlook due to rising fuel costs, reflecting the challenges and strategic responses in the high-cost airline industry.
- United Rentals Sales Forecast Increase: United Rentals shares jumped more than 23% after raising its full-year sales forecast to a range of $16.9 billion to $17.4 billion, demonstrating strong demand in the equipment rental market and a positive outlook heading into its busiest season.
- Molina Healthcare 2026 Forecast Confirmation: Molina Healthcare shares rose 10.3% after reaffirming its 2026 forecast, reporting first-quarter earnings of $2.35 per share on revenue of $10.8 billion, both surpassing analyst expectations, showcasing robust growth and profitability in the healthcare sector.
See More
- Netflix Buyback Plan: Netflix authorized an additional $25 billion share buyback, leading to a stock price increase of over 1%, aimed at boosting shareholder confidence and enhancing long-term company value.
- Helix Merger Announcement: Helix Energy Solutions agreed to merge with Hornbeck Offshore Services in an all-stock deal, resulting in a more than 3% rise in stock price, with the merger expected to close in the second half of 2026, enhancing competitive positioning in the offshore services market.
- Honeywell Mixed Earnings: Honeywell reported Q1 adjusted earnings of $2.45 per share, beating expectations, but revenue of $9.1 billion fell short of forecasts, causing a 5.6% drop in stock price, reflecting market concerns over its future guidance.
- Mobileye Strong Performance: Mobileye reported Q1 adjusted earnings of 12 cents per share on revenue of $558 million, both exceeding analyst expectations, resulting in an 11% stock price increase, indicating robust growth potential in the autonomous driving sector.
See More
- New CEO Appointment: Lululemon appointed Heidi O’Neill as the new CEO effective September 8, aiming to address over a year of disappointing sales and intense competition, which is expected to have a significant impact on the company's future direction.
- Transparent Compensation: O’Neill's base salary is set at $1.4 million, reflecting the company's commitment to her leadership capabilities and indicating Lululemon's competitiveness in attracting top executives.
- Increased Market Pressure: Lululemon faces $380 million in tariff costs, and founder Chip Wilson has intensified pressure for board reforms, highlighting the urgency for changes in the company's governance structure.
- Rich Industry Experience: O’Neill's extensive background at Nike and other companies equips her with the ability to drive brand transformation, and while her appointment may be seen as a traditional choice, her leadership could bring about the necessary cultural changes to enhance company performance.
See More
- Consumer Lawsuit: Four consumers have joined the Clean Clothes Campaign to sue LS&Co, claiming misleading statements led them to believe the brand was ethical, impacting their purchasing decisions.
- Worker Rights Violations: The Worker Rights Consortium reports that Özak Tekstil illegally fired 400 workers in 2023 for protesting against wage issues and abusive treatment, highlighting human rights concerns in LS&Co's supply chain.
- Company Response: LS&Co asserts its commitment to worker rights and claims to have engaged with factory management to address issues, yet failed to adequately respond to the violations of workers' rights.
- Legal Protections: The Clean Clothes Campaign emphasizes that Dutch law protects consumers from misleading claims, arguing that LS&Co should rectify its false advertising by improving conditions for workers in Türkiye.
See More
- Stock Recommendation: Jim Cramer highlighted that Levi Strauss stock is performing well in the $23-$24 range, praising CEO Michelle Gass's effective management, which suggests a bullish outlook for future growth and reflects market confidence.
- Market Performance: The year-to-date performance of Levi Strauss has garnered attention, and Cramer's endorsement may attract more investors to the brand, potentially driving the stock price higher and enhancing its competitive position.
- Investment Strategy: Cramer's positive outlook on Levi Strauss indicates his belief in the brand's long-term investment potential, which could influence other investors' decisions and increase trading activity in the stock.
- Industry Outlook: Levi Strauss's performance in the apparel industry, particularly in the current economic climate, demonstrates its brand resilience and adaptability, which may attract further attention and bolster its market standing.
See More
- Tariff Refund Potential: The U.S. Customs and Border Protection has opened a portal for importers to seek over $160 billion in potential tariff refunds, which could provide significant financial relief for many large retailers.
- Trump's Warning: In an interview, Trump stated he would
See More











