Levi Strauss & Co. (NYSE:LEVI - Free Report) had its price objective boosted by Guggenheim from $20.00 to $22.00 in a report released on Monday,Benzinga reports. The firm currently has a buy rating on the blue-jean maker's stock.
Other equities analysts have also issued reports about the stock. Barclays reduced their target price on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Telsey Advisory Group reduced their target price on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Morgan Stanley reduced their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and seven have issued 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 $21.27.
Check Out Our Latest Analysis on LEVI
Levi Strauss & Co. Trading Down 0.6 %
Shares of LEVI traded down $0.12 during trading hours on Monday, reaching $19.08. The stock had a trading volume of 1,988,255 shares, compared to its average volume of 2,186,256. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 52 week low of $15.62 and a 52 week high of $24.34. The firm has a 50-day moving average of $17.75 and a 200 day moving average of $18.19. The company has a market cap of $7.57 billion, a P/E ratio of 36.68, a P/E/G ratio of 1.96 and a beta of 1.17.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. On average, sell-side analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 2.73%. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 100.00%.
Insider Activity at Levi Strauss & Co.
In related news, Director David A. Friedman sold 8,332 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the sale, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. This trade represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 16,664 shares of company stock worth $301,785. Insiders own 3.14% of the company's stock.
Institutional Investors Weigh In On Levi Strauss & Co.
Several hedge funds have recently bought and sold shares of the company. Aigen Investment Management LP bought a new position in Levi Strauss & Co. in the 3rd quarter valued at about $1,673,000. Charles Schwab Investment Management Inc. raised its holdings in Levi Strauss & Co. by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker's stock valued at $17,318,000 after acquiring an additional 110,993 shares during the period. XTX Topco Ltd bought a new position in Levi Strauss & Co. in the 3rd quarter valued at about $832,000. GSA Capital Partners LLP raised its holdings in Levi Strauss & Co. by 81.6% in the 3rd quarter. GSA Capital Partners LLP now owns 117,449 shares of the blue-jean maker's stock valued at $2,560,000 after acquiring an additional 52,760 shares during the period. Finally, Maverick Capital Ltd. bought a new position in Levi Strauss & Co. in the 3rd quarter valued at about $1,222,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.
Levi Strauss & Co. Company Profile
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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.
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