Shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nine research firms that are presently covering the company, Marketbeat Ratings 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 brokers that have updated their coverage on the stock in the last year is $22.75.
Several brokerages have weighed in on LEVI. Stifel Nicolaus lowered their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. TD Cowen decreased their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Finally, 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.
View Our Latest Report on Levi Strauss & Co.
Levi Strauss & Co. Price Performance
Shares of Levi Strauss & Co. stock traded down $0.14 during trading hours on Thursday, reaching $16.65. 1,416,205 shares of the company's stock were exchanged, compared to its average volume of 2,210,431. The business has a fifty day moving average of $17.43 and a two-hundred day moving average of $19.04. The company has a market capitalization of $6.61 billion, a P/E ratio of 43.82, a price-to-earnings-growth ratio of 0.96 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1 year low of $14.87 and a 1 year high of $24.34.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. Levi Strauss & Co.'s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. As a group, research analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.12%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.'s payout ratio is currently 136.84%.
Insider Activity
In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now directly owns 108,344 shares of the company's stock, valued at $1,950,192. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.14% of the stock is owned by insiders.
Institutional Investors Weigh In On Levi Strauss & Co.
Several hedge funds and other institutional investors have recently modified their holdings of LEVI. FMR LLC boosted 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 valued at $205,356,000 after buying an additional 2,907,099 shares during the last quarter. Marshall Wace LLP boosted its position in shares of 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 worth $82,409,000 after purchasing an additional 756,926 shares in the last quarter. Millennium Management LLC raised its stake in Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker's stock worth $37,079,000 after buying an additional 1,835,107 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Levi Strauss & Co. by 59.4% during the 3rd 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 valued at $33,907,000 after purchasing an additional 579,460 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Levi Strauss & Co. by 2,070.8% in the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker's stock valued at $27,600,000 after buying an additional 1,365,574 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
About Levi Strauss & Co.
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Get Free ReportLevi 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.
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