Brokerages Set Levi Strauss & Co. (NYSE:LEVI) Target Price at $22.75

Shares of Levi Strauss & Co. (NYSE:LEVI) have received a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $22.75.

A number of research firms have commented on LEVI. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. TD Cowen dropped their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock 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 research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd.

Levi Strauss & Co. Stock Up 3.3 %

Shares of NYSE LEVI opened at $17.46 on Friday. The business has a 50-day moving average price of $18.19 and a 200 day moving average price of $19.47. The stock has a market cap of $6.93 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 52-week low of $14.70 and a 52-week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. Equities research analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.98%. Levi Strauss & Co.’s payout ratio is currently 136.85%.

Insider Activity

In related news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now directly owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Several large investors have recently bought and sold shares of LEVI. Asset Management One Co. Ltd. acquired a new position in shares of Levi Strauss & Co. during the 3rd quarter worth approximately $27,000. 272 Capital LP acquired a new position in shares of Levi Strauss & Co. in the second quarter worth $35,000. Quarry LP purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after acquiring an additional 4,966 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth about $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.