Levi Strauss & Co. (NYSE:LEVI) Releases 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 the consensus estimate of $0.28 by $0.10, Briefing.com reports. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business posted $0.26 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. 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 Performance

NYSE:LEVI traded up $0.51 during mid-day trading on Friday, hitting $15.03. 3,760,142 shares of the stock were exchanged, compared to its average volume of 2,166,498. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market capitalization 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. The firm's 50-day simple moving average is $16.55 and its 200 day simple moving average is $17.41.

Levi Strauss & Co. Dividend Announcement

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

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the business'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 transaction, the director now owns 100,012 shares of the company's stock, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.25% of the company's stock.

Wall Street Analysts Forecast Growth

LEVI has been the topic of a number of research reports. Citigroup lowered their price objective on Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Morgan Stanley lowered their price target on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday. Stifel Nicolaus reduced their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday. Wells Fargo & Company decreased their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Finally, Telsey Advisory Group dropped their price target on shares of Levi Strauss & Co. from $23.00 to $19.00 and set an "outperform" rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.18.

About Levi Strauss & Co.

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.