Levi Strauss & Co. (NYSE:LEVI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $26.4167.

LEVI has been the subject of a number of recent research reports. Citigroup lifted their price objective on Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Stifel Nicolaus lifted their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Needham & Company LLC initiated coverage on Levi Strauss & Co. in a research report on Thursday, September 25th. They set a “buy” rating and a $28.00 price objective for the company. Morgan Stanley lifted their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Finally, Barclays lifted their price objective on Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $21.20 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The business has a fifty day moving average of $22.31 and a 200-day moving average of $19.37. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 4th. Investors of record on Monday, October 20th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, October 20th. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 36.84%.

Insider Activity

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total value of $1,207,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The disclosure for this sale can be found here. 1.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently modified their holdings of LEVI. SG Americas Securities LLC lifted its stake in shares of Levi Strauss & Co. by 143.6% in the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker’s stock valued at $460,000 after purchasing an additional 17,376 shares in the last quarter. Figure 8 Investment Strategies LLC lifted its stake in shares of Levi Strauss & Co. by 4.4% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 53,036 shares of the blue-jean maker’s stock valued at $827,000 after purchasing an additional 2,240 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of 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 valued at $34,000 after purchasing an additional 1,113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Levi Strauss & Co. by 35.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after purchasing an additional 812 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Levi Strauss & Co. by 6.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker’s stock valued at $26,856,000 after purchasing an additional 97,781 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

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.