Levi Strauss & Co. (NYSE:LEVI - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $15.45 and last traded at $15.68, with a volume of 111940 shares traded. The stock had previously closed at $15.80.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on LEVI. Telsey Advisory Group cut their price objective on 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. Wells Fargo & Company reduced their price objective 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. Citigroup decreased their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, Barclays cut their price target on 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.
View Our Latest Analysis on LEVI
Levi Strauss & Co. Stock Down 0.4 %
The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.33 billion, a P/E ratio of 30.75, a PEG ratio of 1.92 and a beta of 1.16. The company has a fifty day moving average price of $17.57 and a 200-day moving average price of $17.94.
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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. As a group, research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.25%. Levi Strauss & Co.'s payout ratio is currently 100.00%.
Insider Transactions at Levi Strauss & Co.
In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the transaction, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.14% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of LEVI. KBC Group NV raised its holdings in shares of Levi Strauss & Co. by 0.8% in the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock worth $1,980,000 after buying an additional 892 shares during the period. LPL Financial LLC grew its position in Levi Strauss & Co. by 2.4% in the 4th quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker's stock valued at $937,000 after acquiring an additional 1,283 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $39,000. Deutsche Bank AG lifted its position in shares of Levi Strauss & Co. by 67.5% during the fourth quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker's stock worth $105,000 after purchasing an additional 2,454 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker's stock valued at $209,000 after purchasing an additional 2,998 shares during the period. Hedge funds and other institutional investors own 69.14% of the company's stock.
Levi Strauss & Co. Company Profile
(
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.
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