Levi Strauss & Co. (NYSE:LEVI) Receives $20.45 Consensus Target Price from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $20.45.

LEVI has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Telsey Advisory Group boosted their price objective on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Wells Fargo & Company boosted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. Stifel Nicolaus lowered their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Barclays boosted their price objective on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its holdings in Levi Strauss & Co. by 101.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after buying an additional 1,113 shares in the last quarter. IFP Advisors Inc acquired a new position in Levi Strauss & Co. in the 1st quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Levi Strauss & Co. in the 4th quarter worth $39,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after buying an additional 1,879 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Levi Strauss & Co. in the 4th quarter worth $57,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Up 4.9%

LEVI stock opened at $17.53 on Thursday. The stock has a market capitalization of $6.94 billion, a P/E ratio of 33.72, a PEG ratio of 1.92 and a beta of 1.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $23.92. The company has a 50 day moving average price of $16.58 and a two-hundred day moving average price of $16.98.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. Levi Strauss & Co.’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 EPS. As a group, sell-side analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 24th were issued a $0.13 dividend. The ex-dividend date was Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.97%. Levi Strauss & Co.’s dividend payout ratio is currently 58.43%.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.