Levi Strauss & Co. (NYSE:LEVI) Price Target Lowered to $23.00 at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI - Free Report) had its price target trimmed by Telsey Advisory Group from $26.00 to $23.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an outperform rating on the blue-jean maker's stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.'s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.41 EPS.

LEVI has been the subject of several other research reports. TD Cowen dropped their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Barclays dropped their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday. Citigroup reduced their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut 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 report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.27.

Levi Strauss & Co. Stock Down 2.0 %

NYSE LEVI traded down $0.38 during trading hours on Thursday, reaching $18.65. 2,906,792 shares of the company's stock traded hands, compared to its average volume of 2,231,940. The firm has a 50-day simple moving average of $17.61 and a 200 day simple moving average of $18.17. The firm has a market cap of $7.40 billion, a PE ratio of 35.87, a PEG ratio of 1.96 and a beta of 1.16. Levi Strauss & Co. has a 52-week low of $15.62 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. Sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 2.79%. Levi Strauss & Co.'s payout ratio is 100.00%.

Insider Activity

In related news, Director David A. Friedman sold 4,166 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the sale, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.14% of the company's stock.

Institutional Trading of Levi Strauss & Co.

Several hedge funds have recently modified their holdings of LEVI. Asset Management One Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. during the 4th quarter valued at $39,000. Quarry LP bought a new position in Levi Strauss & Co. in the 2nd quarter valued at $56,000. Matrix Trust Co increased its stake in 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 worth $95,000 after purchasing an additional 4,800 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $105,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.