Levi Strauss & Co. (LEVI) to Release Quarterly Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVI – Get Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Levi Strauss & Co. Trading Down 0.6 %

LEVI traded down $0.10 during trading on Tuesday, hitting $16.72. The company’s stock had a trading volume of 2,479,166 shares, compared to its average volume of 1,948,929. Levi Strauss & Co. has a twelve month low of $13.57 and a twelve month high of $24.22. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average price is $16.17 and its 200-day moving average price is $16.68. The firm has a market capitalization of $6.59 billion, a P/E ratio of 11.94, a PEG ratio of 2.97 and a beta of 1.14.

Analysts Set New Price Targets

Several research firms have recently commented on LEVI. Morgan Stanley decreased their price objective on Levi Strauss & Co. from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, October 13th. Evercore ISI decreased their price objective on Levi Strauss & Co. to $22.00 in a report on Thursday, October 13th. Bank of America downgraded Levi Strauss & Co. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $17.00 in a report on Wednesday, January 18th. Wells Fargo & Company decreased their price target on Levi Strauss & Co. from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, October 7th. Finally, Telsey Advisory Group decreased their price target on Levi Strauss & Co. from $30.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, October 7th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.27.

Insider Activity

In related news, EVP Seth Jaffe sold 11,266 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $15.03, for a total transaction of $169,327.98. Following the sale, the executive vice president now owns 148,299 shares of the company’s stock, valued at approximately $2,228,933.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Seth M. Ellison sold 2,735 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $15.61, for a total transaction of $42,693.35. Following the sale, the executive vice president now owns 90,040 shares of the company’s stock, valued at approximately $1,405,524.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Seth Jaffe sold 11,266 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $15.03, for a total value of $169,327.98. Following the sale, the executive vice president now directly owns 148,299 shares in the company, valued at approximately $2,228,933.97. The disclosure for this sale can be found here. Insiders have sold 34,703 shares of company stock valued at $544,215 in the last 90 days. Insiders own 3.69% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new position in Levi Strauss & Co. in the 1st quarter worth about $93,000. Verition Fund Management LLC increased its position in shares of Levi Strauss & Co. by 22.5% during the 1st quarter. Verition Fund Management LLC now owns 12,757 shares of the blue-jean maker’s stock valued at $252,000 after purchasing an additional 2,342 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Levi Strauss & Co. by 11.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,800 shares of the blue-jean maker’s stock valued at $209,000 after purchasing an additional 1,300 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of Levi Strauss & Co. during the 1st quarter valued at about $263,000. Finally, Invesco Ltd. increased its position in shares of Levi Strauss & Co. by 15.1% during the 1st quarter. Invesco Ltd. now owns 14,852 shares of the blue-jean maker’s stock valued at $293,000 after purchasing an additional 1,943 shares during the last quarter. 18.76% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

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Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.