Levi Strauss & Co. (NYSE:LEVI) Releases FY25 Earnings Guidance

Levi Strauss & Co. (NYSE:LEVI) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.20-1.25 for the period, compared to the consensus estimate of $1.22. The company issued revenue guidance of $6.23-6.29 billion, compared to the consensus revenue estimate of $6.28 billion.

Levi Strauss & Co. Stock Down 2.8 %

Shares of NYSE:LEVI traded down $0.39 during midday trading on Monday, hitting $13.51. The stock had a trading volume of 6,028,108 shares, compared to its average volume of 2,088,979. Levi Strauss & Co. has a 12 month low of $12.86 and a 12 month high of $24.34. The business’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $17.68. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The company has a market cap of $5.35 billion, a P/E ratio of 25.97, a PEG ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.26 EPS. Levi Strauss & Co.’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were paid a $0.13 dividend. 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 presently 100.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on LEVI shares. Morgan Stanley decreased their price target on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Barclays dropped their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Guggenheim boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company dropped their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.82.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the transaction, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.25% of the stock is owned by corporate 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.