Levi Strauss & Co. (NYSE:LEVI) Receives $26.42 Average Price Target from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $26.4167.

A number of equities research analysts have weighed in on LEVI shares. Bank of America lifted their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus raised their target price on Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. boosted their price target on Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Morgan Stanley increased their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Finally, Citigroup boosted their target price on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, September 29th.

Insider Activity

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total transaction of $3,628,500.00. The SEC filing for this sale provides additional information. 1.25% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after buying an additional 833 shares in the last quarter. IFP Advisors Inc bought a new stake in Levi Strauss & Co. during the 1st quarter worth about $38,000. Hara Capital LLC increased its position in Levi Strauss & Co. by 8,080.0% in the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock valued at $38,000 after acquiring an additional 2,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after acquiring an additional 1,879 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new position in shares of Levi Strauss & Co. in the second quarter worth about $71,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 1.5%

Shares of Levi Strauss & Co. stock opened at $21.41 on Friday. The firm has a market capitalization of $8.37 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.59 and a beta of 1.37. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. The company’s fifty day moving average price is $22.04 and its two-hundred day moving average price is $20.07. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. On average, analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Monday, October 20th were given a $0.14 dividend. The ex-dividend date was Monday, October 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. Levi Strauss & Co.’s payout ratio is 36.84%.

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.