Levi Strauss & Co. (NYSE:LEVI) Receives $26.77 Consensus Target Price from Analysts

Levi Strauss & Co. (NYSE:LEVI) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $26.6923.

Several research analysts have commented on LEVI shares. BTIG Research reaffirmed a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Telsey Advisory Group restated an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Finally, Raymond James Financial reissued an “outperform” rating and set a $25.00 price objective on shares of Levi Strauss & Co. in a research report on Monday.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $22.71 on Friday. The company has a fifty day moving average of $20.59 and a two-hundred day moving average of $21.02. The company has a market capitalization of $8.73 billion, a PE ratio of 14.46, a P/E/G ratio of 1.74 and a beta of 1.35. Levi Strauss & Co. has a 1 year low of $16.50 and a 1 year high of $24.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, analysts expect that Levi Strauss & Co. will post 1.5 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. Levi Strauss & Co.’s dividend payout ratio is 35.67%.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Harmit J. Singh sold 121,767 shares of the stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $23.52, for a total transaction of $2,863,959.84. Following the completion of the sale, the executive vice president directly owned 148,757 shares of the company’s stock, valued at approximately $3,498,764.64. This trade represents a 45.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Gowans sold 40,000 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $21.83, for a total value of $873,200.00. Following the completion of the transaction, the executive vice president owned 92,199 shares in the company, valued at $2,012,704.17. This trade represents a 30.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 271,767 shares of company stock worth $6,267,160. Corporate insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Several large investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. during the 3rd quarter worth $2,540,000. Envestnet Asset Management Inc. boosted its holdings in shares of Levi Strauss & Co. by 2,268.2% in the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock valued at $5,566,000 after acquiring an additional 228,796 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Levi Strauss & Co. in the third quarter valued at about $2,478,000. Vanguard Group Inc. increased its stake in shares of Levi Strauss & Co. by 3.2% during the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after acquiring an additional 277,835 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Levi Strauss & Co. by 46.3% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 238,828 shares of the blue-jean maker’s stock worth $5,565,000 after acquiring an additional 75,623 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.