Analysts Set Levi Strauss & Co. (NYSE:LEVI) PT at $22.75

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the nine ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.75.

Several analysts have weighed in on LEVI shares. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. TD Cowen dropped their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Finally, Stifel Nicolaus reduced their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the transaction, the director now directly owns 158,344 shares of the company's stock, valued at $2,886,611.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director David A. Friedman sold 4,166 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the completion of the sale, the director now owns 158,344 shares in the company, valued at $2,886,611.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Friedman sold 25,002 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,334 shares of company stock valued at $655,765 over the last 90 days. 3.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Asset Management One Co. Ltd. bought a new position in Levi Strauss & Co. in the 3rd quarter worth approximately $27,000. 272 Capital LP bought a new stake in Levi Strauss & Co. during the second quarter worth approximately $35,000. Quarry LP purchased a new stake in shares of Levi Strauss & Co. during the second quarter valued at $56,000. Headlands Technologies LLC acquired a new position in shares of Levi Strauss & Co. in the second quarter worth about $135,000. Finally, nVerses Capital LLC purchased a new position in Levi Strauss & Co. during the 2nd quarter worth approximately $195,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Stock Up 0.3 %

Shares of NYSE LEVI traded up $0.05 during midday trading on Wednesday, hitting $17.44. 1,478,647 shares of the stock traded hands, compared to its average volume of 2,259,751. Levi Strauss & Co. has a one year low of $13.22 and a one year high of $24.34. The business has a 50 day moving average price of $19.35 and a two-hundred day moving average price of $20.23. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The company has a market cap of $6.93 billion, a PE ratio of 50.06, a P/E/G ratio of 1.14 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. On average, equities analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.52 annualized dividend and a yield of 2.98%. Levi Strauss & Co.'s payout ratio is 148.57%.

Levi Strauss & Co. Company Profile

Levi 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.