Levi Strauss & Co. (NYSE:LEVI) Receives $22.75 Consensus PT from Analysts

Levi Strauss & Co. (NYSE:LEVI) has earned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $22.75.

Several equities analysts have recently issued reports on the company. TD Cowen lowered their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd.

Levi Strauss & Co. Price Performance

LEVI stock opened at $16.79 on Friday. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 44.32, a PEG ratio of 1.02 and a beta of 1.18. The firm’s 50-day moving average price is $18.42 and its two-hundred day moving average price is $19.61. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 12-month low of $14.70 and a 12-month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue was up .4% on a year-over-year basis. As a group, equities analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is presently 136.85%.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now directly owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently added to or reduced their stakes in LEVI. Tidal Investments LLC boosted its position in Levi Strauss & Co. by 11.2% during the third quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock worth $3,635,000 after acquiring an additional 16,785 shares during the last quarter. Geode Capital Management LLC boosted its stake in Levi Strauss & Co. by 1.9% during the third quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock worth $24,512,000 after buying an additional 20,870 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Levi Strauss & Co. in the third quarter valued at about $832,000. Stifel Financial Corp increased its position in Levi Strauss & Co. by 73.9% during the third quarter. Stifel Financial Corp now owns 149,947 shares of the blue-jean maker’s stock worth $3,269,000 after purchasing an additional 63,718 shares during the last quarter. Finally, Intrepid Capital Management Inc. raised its stake in Levi Strauss & Co. by 164.2% during the third quarter. Intrepid Capital Management Inc. now owns 103,227 shares of the blue-jean maker’s stock worth $2,250,000 after purchasing an additional 64,156 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.