Levi Strauss & Co. (LEVI) Set to Announce Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVIGet Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 3rd. Analysts expect Levi Strauss & Co. to post earnings of $0.20 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm posted $0.34 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, analysts expect Levi Strauss & Co. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Levi Strauss & Co. Stock Up 0.9 %

LEVI stock opened at $18.81 on Wednesday. The company has a 50 day moving average of $17.56 and a two-hundred day moving average of $15.75. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 1.19 and a beta of 1.21. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $19.02. The company has a quick ratio of 0.75, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Wednesday, February 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 2.55%. Levi Strauss & Co.’s dividend payout ratio is 76.19%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LEVI shares. JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. TheStreet raised shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Telsey Advisory Group lifted their price objective on shares of Levi Strauss & Co. from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group upped their price objective on shares of Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, Wells Fargo & Company reduced their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.70.

Read Our Latest Stock Analysis on Levi Strauss & Co.

Insider Activity at Levi Strauss & Co.

In related news, EVP Tracy Layney sold 15,894 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $17.02, for a total transaction of $270,515.88. Following the sale, the executive vice president now directly owns 41,468 shares of the company’s stock, valued at $705,785.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 9,462 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $18.01, for a total transaction of $170,410.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Tracy Layney sold 15,894 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $17.02, for a total transaction of $270,515.88. Following the sale, the executive vice president now owns 41,468 shares of the company’s stock, valued at approximately $705,785.36. The disclosure for this sale can be found here. Insiders sold a total of 58,875 shares of company stock worth $1,045,240 in the last 90 days. 3.77% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Garner Asset Management Corp bought a new position in Levi Strauss & Co. in the 4th quarter valued at $31,000. Dark Forest Capital Management LP bought a new position in Levi Strauss & Co. in the first quarter valued at approximately $39,000. Deutsche Bank AG bought a new stake in Levi Strauss & Co. in the 4th quarter valued at $43,000. Scopus Asset Management L.P. bought a new stake in Levi Strauss & Co. in the 2nd quarter valued at $53,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Levi Strauss & Co. by 217.8% in the third quarter. Tower Research Capital LLC TRC now owns 5,041 shares of the blue-jean maker’s stock valued at $68,000 after purchasing an additional 3,455 shares in the last quarter. Institutional investors own 19.01% of the company’s stock.

Levi Strauss & Co. Company Profile

(Get Free Report)

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.

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Earnings History for Levi Strauss & Co. (NYSE:LEVI)

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