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

Levi Strauss & Co. (NYSE:LEVI) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $22.75.

A number of research analysts recently weighed in on LEVI shares. TD Cowen decreased their target price on shares of 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. Stifel Nicolaus decreased their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEVI. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at $27,000. 272 Capital LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at $35,000. Quarry LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at $56,000. Headlands Technologies LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at $135,000. Finally, nVerses Capital LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at $195,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Up 0.6 %

Levi Strauss & Co. stock opened at $17.19 on Wednesday. The company has a market cap of $6.82 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18. Levi Strauss & Co. has a 1-year low of $13.75 and a 1-year high of $24.34. The company has a fifty day simple moving average of $19.22 and a 200 day simple moving average of $20.17. 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. (NYSE:LEVI) last released its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Research analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s dividend payout ratio is 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.