Levi Strauss & Co. (NYSE:LEVI) Announces Quarterly Earnings Results

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) posted its quarterly earnings results on Monday. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.10, Briefing.com reports. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Levi Strauss & Co. updated its FY25 guidance to $1.20-1.25 EPS and its FY 2025 guidance to 1.200-1.250 EPS.

Levi Strauss & Co. Stock Up 3.5 %

Shares of LEVI stock traded up $0.51 on Friday, hitting $15.03. The stock had a trading volume of 3,760,142 shares, compared to its average volume of 2,166,498. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The business has a 50 day moving average of $16.55 and a 200 day moving average of $17.41. Levi Strauss & Co. has a 12-month low of $12.17 and a 12-month high of $24.34. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 24th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, April 24th. Levi Strauss & Co.'s dividend payout ratio is 58.43%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LEVI. Telsey Advisory Group dropped their price objective on shares of Levi Strauss & Co. from $23.00 to $19.00 and set an "outperform" rating on the stock in a report on Tuesday. Morgan Stanley decreased their target price on Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Wednesday. Guggenheim increased their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Citigroup decreased their price objective on Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.18.

Insider Buying and Selling

In other news, Director David A. Friedman sold 4,166 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the sale, the director now directly owns 100,012 shares of the company's stock, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.25% of the stock is owned by corporate insiders.

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.