Levi Strauss & Co. (NYSE:LEVI) Price Target Increased to $22.00 by Analysts at Bank of America

Levi Strauss & Co. (NYSE:LEVI) had its price objective hoisted by Bank of America from $19.00 to $22.00 in a research report report published on Thursday, Benzinga reports. They currently have a neutral rating on the blue-jean maker’s stock.

Other equities analysts also recently issued research reports about the company. TD Cowen increased their target price on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a buy rating in a research note on Tuesday, June 18th. OTR Global started coverage on Levi Strauss & Co. in a report on Friday, June 14th. They set a positive rating for the company. UBS Group boosted their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a buy rating in a research report on Thursday, April 4th. Morgan Stanley raised their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an equal weight rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $22.33.

Levi Strauss & Co. Trading Down 15.3 %

LEVI stock opened at $19.59 on Thursday. Levi Strauss & Co. has a one year low of $12.41 and a one year high of $24.34. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 63.19, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19. The company has a fifty day moving average price of $22.52 and a two-hundred day moving average price of $19.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 EPS for the quarter, topping the consensus estimate of $0.11 by $0.05. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm posted $0.04 EPS. Levi Strauss & Co.’s revenue was up 7.8% compared to the same quarter last year. Equities analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders 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 dividend yield of 2.45%. The ex-dividend date was Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 154.84%.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 10,422 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $20.00, for a total transaction of $208,440.00. Following the completion of the sale, the director now directly owns 169,008 shares in the company, valued at $3,380,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Levi Strauss & Co. news, Director David A. Friedman sold 10,422 shares of Levi Strauss & Co. stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.00, for a total value of $208,440.00. Following the transaction, the director now owns 169,008 shares in the company, valued at $3,380,160. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Friedman sold 16,666 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $23.94, for a total transaction of $398,984.04. Following the completion of the transaction, the director now directly owns 166,676 shares of the company’s stock, valued at approximately $3,990,223.44. The disclosure for this sale can be found here. Insiders have sold 772,263 shares of company stock valued at $17,256,670 over the last three months. 3.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEVI. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at $215,000. Guyasuta Investment Advisors Inc. bought a new position in Levi Strauss & Co. in the 4th quarter valued at approximately $223,000. Isthmus Partners LLC bought a new position in Levi Strauss & Co. in the 4th quarter valued at approximately $270,000. BTC Capital Management Inc. acquired a new stake in Levi Strauss & Co. during the 1st quarter worth approximately $294,000. Finally, Strategic Advisors LLC grew its holdings 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 last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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.