Levi Strauss & Co. (NYSE:LEVI) Receives $21.27 Consensus Target Price from Brokerages

Levi Strauss & Co. (NYSE:LEVI) has been given an average recommendation of “Moderate Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $21.27.

Several equities research analysts recently weighed in on LEVI shares. Morgan Stanley dropped their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Guggenheim boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Telsey Advisory Group dropped their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group reduced their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $15.59 on Friday. The company has a market capitalization of $6.17 billion, a P/E ratio of 29.98, a PEG ratio of 1.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a 50 day moving average price of $17.39 and a two-hundred day moving average price of $17.80. Levi Strauss & Co. has a fifty-two week low of $15.42 and a fifty-two week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the transaction, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in Levi Strauss & Co. during the 4th quarter valued at approximately $39,000. Point72 Hong Kong Ltd bought a new position in shares of Levi Strauss & Co. during the fourth quarter worth $57,000. New Age Alpha Advisors LLC purchased a new position in Levi Strauss & Co. during the fourth quarter valued at $82,000. Matrix Trust Co grew its stake in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Levi Strauss & Co. in the 4th quarter valued at $105,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.