Levi Strauss & Co. (NYSE:LEVI – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $26.92.
A number of brokerages have issued reports on LEVI. Citigroup decreased their target price on shares of Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Weiss Ratings downgraded shares of Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 20th. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. Barclays reduced their price objective on Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Finally, UBS Group restated a “buy” rating on shares of Levi Strauss & Co. in a research note on Wednesday, September 23rd.
View Our Latest Research Report on LEVI
Levi Strauss & Co. Price Performance
Shares of LEVI opened at $22.58 on Friday. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.30 and a beta of 1.32. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. The business’s 50-day moving average is $20.43 and its 200-day moving average is $21.69.
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last posted its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.36 by $0.12. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the company posted $0.34 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Equities research analysts expect that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, October 21st. Levi Strauss & Co.’s payout ratio is currently 42.67%.
Hedge Funds Weigh In On Levi Strauss & Co.
A number of hedge funds have recently added to or reduced their stakes in LEVI. Bank of New York Mellon Corp lifted its stake in Levi Strauss & Co. by 462.4% in the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after acquiring an additional 3,979,223 shares during the last quarter. Eastern Bank bought a new stake in Levi Strauss & Co. in the second quarter worth approximately $60,854,000. The Manufacturers Life Insurance Company increased its stake in shares of Levi Strauss & Co. by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock worth $40,834,000 after purchasing an additional 7,827 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Levi Strauss & Co. by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,849,014 shares of the blue-jean maker’s stock worth $34,185,000 after purchasing an additional 148,174 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Levi Strauss & Co. by 12.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,325,256 shares of the blue-jean maker’s stock valued at $25,180,000 after purchasing an additional 148,067 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.
Levi Strauss & Co. Company Profile
Levi Strauss & Co (NYSE: LEVI) is an apparel company best known for its Levi’s brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.
The company’s brands include Levi’s, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.
Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.
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