Levi Strauss & Co. (NYSE:LEVI) Receives $22.75 Consensus Target Price from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.75.

A number of analysts have recently issued reports on LEVI shares. TD Cowen lowered their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus cut their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 3rd.

Insider Activity

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.14% of the company's stock.

Institutional Trading of Levi Strauss & Co.

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in Levi Strauss & Co. by 44.6% in the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker's stock worth $205,356,000 after purchasing an additional 2,907,099 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Levi Strauss & Co. by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker's stock worth $171,034,000 after purchasing an additional 164,612 shares during the period. Marshall Wace LLP grew its holdings in Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker's stock valued at $82,409,000 after purchasing an additional 756,926 shares during the period. Millennium Management LLC boosted its position in Levi Strauss & Co. by 2,083.0% during the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker's stock worth $37,079,000 after purchasing an additional 1,835,107 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Levi Strauss & Co. by 59.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker's stock worth $33,907,000 after acquiring an additional 579,460 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded up $0.35 during trading hours on Friday, hitting $16.32. The company had a trading volume of 2,315,972 shares, compared to its average volume of 1,986,122. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 42.95, a PEG ratio of 1.00 and a beta of 1.18. Levi Strauss & Co. has a 12 month low of $14.70 and a 12 month high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm's fifty day moving average is $18.47 and its 200 day moving average is $19.68.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company earned $0.28 EPS. The firm's quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were paid a $0.13 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.19%. Levi Strauss & Co.'s dividend payout ratio is 136.85%.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.