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

Levi Strauss & Co. (NYSE:LEVI) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.75.

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

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter worth approximately $27,000. 272 Capital LP bought a new position in Levi Strauss & Co. in the second quarter worth $35,000. Quarry LP bought a new position in Levi Strauss & Co. in the second quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after buying an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Levi Strauss & Co. in the 2nd quarter valued at $135,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Up 2.2 %

LEVI stock opened at $16.32 on Friday. The company has a 50 day moving average of $18.47 and a two-hundred day moving average of $19.68. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 1.00 and a beta of 1.18. Levi Strauss & Co. has a 12-month low of $14.70 and a 12-month high of $24.34. The company has a quick ratio of 0.76, a current ratio of 1.41 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 (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. Levi Strauss & Co.’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.19%. Levi Strauss & Co.’s dividend payout ratio is presently 136.85%.

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.