Brokerages Set Levi Strauss & Co. (NYSE:LEVI) PT at $22.75

Levi Strauss & Co. (NYSE:LEVI) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.75.

Several research firms have recently commented on LEVI. JPMorgan Chase & Co. raised their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. TD Cowen lowered their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Telsey Advisory Group restated 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 cut their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently bought and sold shares of LEVI. FMR LLC boosted its position in Levi Strauss & Co. by 44.6% during the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after purchasing an additional 2,907,099 shares during the period. Vanguard Group Inc. raised its position in Levi Strauss & Co. by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock valued at $171,034,000 after purchasing an additional 164,612 shares during the last quarter. Marshall Wace LLP increased its position in Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Millennium Management LLC lifted its holdings in Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after buying an additional 1,835,107 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Levi Strauss & Co. by 59.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock worth $33,907,000 after purchasing an additional 579,460 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Down 1.9 %

Shares of LEVI opened at $16.79 on Friday. The company’s 50-day moving average price is $18.42 and its 200 day moving average price is $19.61. Levi Strauss & Co. has a 12-month low of $14.70 and a 12-month high of $24.34. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.66 billion, a P/E ratio of 44.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.28 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.’s dividend payout ratio (DPR) is 136.85%.

Levi Strauss & Co. Company Profile

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.