Levi Strauss & Co. (NYSE:LEVI) Receives $22.75 Average Price Target from Brokerages

Levi Strauss & Co. (NYSE:LEVI) has earned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.75.

LEVI has been the topic of several research analyst reports. TD Cowen decreased their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus decreased their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now directly owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the third quarter valued at about $27,000. 272 Capital LP purchased a new position in Levi Strauss & Co. in the second quarter valued at about $35,000. Quarry LP acquired a new stake in Levi Strauss & Co. during the 2nd quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Levi Strauss & Co. by 2,904.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 3.3 %

Shares of Levi Strauss & Co. stock opened at $17.46 on Friday. Levi Strauss & Co. has a fifty-two week low of $14.70 and a fifty-two week high of $24.34. The business’s fifty day moving average is $18.19 and its two-hundred day moving average is $19.47. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.93 billion, a PE ratio of 45.95, a P/E/G ratio of 1.09 and a beta of 1.18.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating 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 firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.’s dividend payout ratio is presently 136.85%.

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.