Levi Strauss & Co. (NYSE:LEVI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $14.56 and last traded at $14.57, with a volume of 1053813 shares trading hands. The stock had previously closed at $16.73.
Analyst Ratings Changes
Several equities analysts recently weighed in on LEVI shares. JPMorgan Chase & Co. cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Morgan Stanley cut their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Thursday, January 30th. Citigroup reduced their price objective on Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Monday. UBS Group dropped their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $23.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.82.
Read Our Latest Stock Report on LEVI
Levi Strauss & Co. Stock Performance
The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The firm's 50-day moving average price is $17.11 and its two-hundred day moving average price is $17.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the company earned $0.26 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.
Levi Strauss & Co. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.'s dividend payout ratio (DPR) is 100.00%.
Insiders Place Their Bets
In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now directly owns 100,012 shares of the company's stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.25% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Levi Strauss & Co. during the 4th quarter valued at $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $57,000. New Age Alpha Advisors LLC bought a new position in shares of Levi Strauss & Co. in the fourth quarter valued at about $82,000. Matrix Trust Co raised its holdings in shares of Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock valued at $95,000 after buying an additional 4,800 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Levi Strauss & Co. during the 4th quarter worth about $105,000. 69.14% of the stock is owned by institutional investors and hedge funds.
About Levi Strauss & Co.
(
Get Free Report)
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.
See Also
Before you consider Levi Strauss & Co., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Levi Strauss & Co. wasn't on the list.
While Levi Strauss & Co. currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
