Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have been given an average rating of “Moderate Buy” by the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.75.

Several equities research analysts recently issued reports on LEVI shares. Telsey Advisory Group reissued an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, TD Cowen dropped their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the sale, the director now directly owns 158,344 shares of the company’s stock, valued at approximately $2,886,611.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the sale, the director now directly owns 158,344 shares of the company’s stock, valued at approximately $2,886,611.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. 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 sale, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,334 shares of company stock worth $655,765 in the last 90 days. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in LEVI. Brandes Investment Partners LP raised its holdings in Levi Strauss & Co. by 1.8% in the 2nd quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock worth $824,000 after acquiring an additional 743 shares during the last quarter. Hunter Perkins Capital Management LLC raised its holdings in Levi Strauss & Co. by 3.7% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock worth $473,000 after acquiring an additional 765 shares during the last quarter. California State Teachers Retirement System raised its holdings in Levi Strauss & Co. by 1.0% in the 1st quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock worth $1,702,000 after acquiring an additional 851 shares during the last quarter. Waycross Investment Management Co raised its holdings in Levi Strauss & Co. by 2.6% in the 2nd quarter. Waycross Investment Management Co now owns 38,195 shares of the blue-jean maker’s stock worth $736,000 after acquiring an additional 955 shares during the last quarter. Finally, BTC Capital Management Inc. raised its holdings in Levi Strauss & Co. by 11.6% in the 2nd quarter. BTC Capital Management Inc. now owns 16,441 shares of the blue-jean maker’s stock worth $317,000 after acquiring an additional 1,715 shares during the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $17.39 on Wednesday. The stock has a fifty day simple moving average of $19.38 and a two-hundred day simple moving average of $20.24. Levi Strauss & Co. has a 1-year low of $13.22 and a 1-year high of $24.34. The firm has a market cap of $6.91 billion, a price-to-earnings ratio of 49.69, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14. 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. (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 the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company earned $0.28 earnings per share. Levi Strauss & Co.’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be issued a dividend of $0.13 per share. The ex-dividend date is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a yield of 2.99%. Levi Strauss & Co.’s dividend payout ratio is presently 148.57%.

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.