Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $26.00

Levi Strauss & Co. (NYSE:LEVI) had its target price boosted by Barclays from $24.00 to $26.00 in a report published on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the blue-jean maker’s stock.

Other analysts have also issued reports about the company. Telsey Advisory Group raised their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, July 11th. Wells Fargo & Company increased their price objective on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Bank of America raised their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Morgan Stanley boosted their target price on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Finally, Needham & Company LLC initiated coverage on shares of Levi Strauss & Co. in a research note on Thursday. They set a “buy” rating and a $28.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.00.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $23.06 on Friday. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $23.60. The firm has a 50 day moving average of $21.46 and a 200-day moving average of $18.57. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $9.12 billion, a P/E ratio of 22.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company earned $0.16 EPS. Levi Strauss & Co.’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 24th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, July 24th. Levi Strauss & Co.’s payout ratio is presently 54.90%.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors have recently bought and sold shares of LEVI. XTX Topco Ltd raised its holdings in shares of Levi Strauss & Co. by 2.1% in the 1st quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock valued at $512,000 after purchasing an additional 670 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock worth $49,000 after buying an additional 812 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after buying an additional 833 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock valued at $34,000 after buying an additional 1,113 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Levi Strauss & Co. by 7.5% in the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock valued at $254,000 after buying an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.