Levi Strauss & Co. (NYSE:LEVI) Receives $21.27 Consensus PT from Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.27.

A number of research analysts recently commented on the company. Barclays decreased their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. UBS Group decreased their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. Morgan Stanley cut their price objective on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Guggenheim upped their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday.

Levi Strauss & Co. Stock Down 3.1 %

Shares of NYSE:LEVI opened at $13.99 on Friday. Levi Strauss & Co. has a 52-week low of $13.51 and a 52-week high of $24.34. The stock has a market cap of $5.54 billion, a P/E ratio of 26.90, a PEG ratio of 1.92 and a beta of 1.07. The business has a fifty day moving average of $17.20 and a two-hundred day moving average of $17.71. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50.

Levi Strauss & Co. (NYSE:LEVI) 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 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%. On average, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared 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 of this dividend was Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 3.72%. Levi Strauss & Co.’s dividend payout ratio (DPR) is 100.00%.

Insider Activity

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the transaction, the director now directly owns 100,012 shares of the company’s stock, valued at $1,844,221.28. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Levi Strauss & Co. by 19.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker’s stock worth $16,383,000 after buying an additional 152,590 shares during the period. XTX Topco Ltd purchased a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at approximately $832,000. Entropy Technologies LP purchased a new stake in shares of Levi Strauss & Co. in the 4th quarter valued at approximately $511,000. Maverick Capital Ltd. acquired a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at $1,222,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $1,415,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.