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

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $22.75.

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

Insiders Place Their Bets

In other news, Director David A. Friedman sold 8,332 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the sale, the director now directly owns 108,344 shares in the company, valued at $1,950,192. The trade was a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. during the third quarter worth $27,000. 272 Capital LP purchased a new stake in shares of Levi Strauss & Co. during the second quarter worth about $35,000. Quarry LP acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. raised its position in shares of 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 position in Levi Strauss & Co. in the 2nd quarter valued at about $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.7 %

Shares of Levi Strauss & Co. stock opened at $17.44 on Thursday. 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. has a 12-month low of $14.87 and a 12-month high of $24.34. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 45.90, a PEG ratio of 0.95 and a beta of 1.18. The firm’s 50 day simple moving average is $17.29 and its two-hundred day simple moving average is $18.81.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data 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. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the company earned $0.28 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Announces Dividend

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

About Levi Strauss & Co.

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.