Levi Strauss & Co. (NYSE:LEVI) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a report issued on Thursday, Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the blue-jean maker’s stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.27 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.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the stock a neutral rating in a report on Monday, April 8th. UBS Group lifted their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a buy rating in a research note on Thursday, April 4th. OTR Global assumed coverage on Levi Strauss & Co. in a research report on Friday, June 14th. They set a positive rating on the stock. Stifel Nicolaus boosted their price objective on Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a research report on Monday. Finally, Morgan Stanley increased their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $22.33.

Levi Strauss & Co. Price Performance

NYSE:LEVI 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 company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 1.31 and a beta of 1.19. The firm’s fifty day moving average is $22.52 and its two-hundred day moving average is $19.28.

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

Levi Strauss & Co. Announces Dividend

The firm also recently announced 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 payout ratio is 154.84%.

Insider Activity

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

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently bought and sold shares of LEVI. Charles Schwab Investment Management Inc. raised its position in shares of Levi Strauss & Co. by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 538,163 shares of the blue-jean maker’s stock valued at $7,308,000 after buying an additional 26,902 shares during the period. Citigroup Inc. lifted its stake in shares of Levi Strauss & Co. by 40.2% in the 3rd quarter. Citigroup Inc. now owns 49,879 shares of the blue-jean maker’s stock valued at $677,000 after purchasing an additional 14,295 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Levi Strauss & Co. in the 3rd quarter valued at $2,834,000. Evergreen Capital Management LLC grew its holdings in shares of Levi Strauss & Co. by 1.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 152,262 shares of the blue-jean maker’s stock worth $2,068,000 after purchasing an additional 2,096 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in Levi Strauss & Co. in the 3rd quarter valued at about $442,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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.