Telsey Advisory Group Research Analysts Lift Earnings Estimates for Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI) – Equities research analysts at Telsey Advisory Group lifted their FY2024 earnings per share (EPS) estimates for Levi Strauss & Co. in a note issued to investors on Friday, June 21st. Telsey Advisory Group analyst D. Telsey now forecasts that the blue-jean maker will post earnings per share of $1.27 for the year, up from their previous forecast of $1.25. Telsey Advisory Group has a “Outperform” rating and a $26.00 price target on the stock. The consensus estimate for Levi Strauss & Co.’s current full-year earnings is $1.27 per share. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $1.45 EPS.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period last year, the business posted $0.34 earnings per share.

LEVI has been the topic of a number of other reports. OTR Global started coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating on the stock. Morgan Stanley raised their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. Stifel Nicolaus lifted their price objective on shares of Levi Strauss & Co. from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.11.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $23.01 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 74.23, a PEG ratio of 1.32 and a beta of 1.19. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34. The stock’s fifty day moving average is $22.37 and its two-hundred day moving average is $19.14.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Wednesday, May 8th. Levi Strauss & Co.’s payout ratio is currently 154.84%.

Insider Buying and Selling

In related news, major shareholder Bradley J. Haas sold 100,000 shares of Levi Strauss & Co. stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $24.05, for a total transaction of $2,405,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, major shareholder Bradley J. Haas sold 100,000 shares of Levi Strauss & Co. stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $24.05, for a total value of $2,405,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David A. Friedman sold 16,666 shares of Levi Strauss & Co. stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $23.94, for a total value of $398,984.04. Following the completion of the transaction, the director now directly owns 166,676 shares in the company, valued at approximately $3,990,223.44. The disclosure for this sale can be found here. Insiders have sold a total of 830,719 shares of company stock valued at $18,426,020 over the last three months. Company insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors have recently bought and sold shares of the stock. China Universal Asset Management Co. Ltd. acquired a new stake in Levi Strauss & Co. during the 4th quarter worth about $215,000. Guyasuta Investment Advisors Inc. acquired a new stake in Levi Strauss & Co. during the 4th quarter worth about $223,000. Isthmus Partners LLC acquired a new stake in Levi Strauss & Co. during the 4th quarter worth about $270,000. BTC Capital Management Inc. acquired a new stake in Levi Strauss & Co. during the 1st quarter worth about $294,000. Finally, Strategic Advisors LLC boosted its position in Levi Strauss & Co. by 7.0% during the 4th quarter. Strategic Advisors LLC now owns 19,900 shares of the blue-jean maker’s stock worth $329,000 after acquiring an additional 1,300 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.