Levi Strauss & Co. (NYSE:LEVI) Receives $22.75 Average Price Target from Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $22.75.

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

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the transaction, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LEVI. SG Americas Securities LLC boosted its stake in Levi Strauss & Co. by 104.5% in the second quarter. SG Americas Securities LLC now owns 16,547 shares of the blue-jean maker’s stock valued at $319,000 after acquiring an additional 8,457 shares in the last quarter. Waycross Investment Management Co boosted its position in shares of Levi Strauss & Co. by 2.6% in the 2nd quarter. Waycross Investment Management Co now owns 38,195 shares of the blue-jean maker’s stock worth $736,000 after purchasing an additional 955 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Levi Strauss & Co. by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,838 shares of the blue-jean maker’s stock worth $460,000 after purchasing an additional 2,541 shares in the last quarter. nVerses Capital LLC purchased a new position in Levi Strauss & Co. during the 2nd quarter worth $195,000. Finally, Acadian Asset Management LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter valued at about $380,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.7 %

Shares of LEVI opened at $17.44 on Thursday. The company’s fifty day simple moving average is $17.29 and its 200-day simple moving average is $18.81. The company has a market cap of $6.92 billion, a P/E ratio of 45.90, a P/E/G ratio of 0.95 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a twelve month low of $14.87 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping 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 net margin of 2.52% and a return on equity of 24.43%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, analysts expect that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

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

About Levi Strauss & Co.

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.