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

Shares of Levi Strauss & Co. (NYSE:LEVI) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.75.

LEVI has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Stifel Nicolaus cut their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen decreased their price target 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. Finally, JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the 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 transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds have recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. during the 3rd quarter worth approximately $27,000. 272 Capital LP acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $35,000. Quarry LP acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $56,000. Headlands Technologies LLC purchased a new stake in Levi Strauss & Co. in the 2nd quarter valued at $135,000. Finally, nVerses Capital LLC acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth $195,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Down 0.7 %

Shares of NYSE LEVI opened at $16.88 on Wednesday. Levi Strauss & Co. has a 12-month low of $13.86 and a 12-month high of $24.34. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market cap of $6.70 billion, a PE ratio of 44.42, a P/E/G ratio of 1.07 and a beta of 1.18. The company has a 50-day moving average of $19.14 and a 200 day moving average of $20.12.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.08%. Levi Strauss & Co.’s payout ratio is currently 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.