Levi Strauss & Co. (NYSE:LEVI) Posts Quarterly Earnings Results

Levi Strauss & Co. (NYSE:LEVI) released its earnings results on Monday. The blue-jean maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.10, Briefing.com reports. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Levi Strauss & Co. updated its FY25 guidance to $1.20-1.25 EPS and its FY 2025 guidance to 1.200-1.250 EPS.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $13.51 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $5.35 billion, a P/E ratio of 25.97, a P/E/G ratio of 1.92 and a beta of 1.07. The business has a 50-day moving average of $17.11 and a two-hundred day moving average of $17.64. Levi Strauss & Co. has a fifty-two week low of $12.82 and a fifty-two week high of $24.34.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 3.85%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 100.00%.

Analysts Set New Price Targets

Several brokerages have issued reports on LEVI. Wells Fargo & Company cut their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Guggenheim raised their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. UBS Group dropped their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Barclays lowered their price objective on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.82.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, the director now directly owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.25% of the stock is owned by company insiders.

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.