Brokerages Set Levi Strauss & Co. (NYSE:LEVI) PT at $26.42

Levi Strauss & Co. (NYSE:LEVI) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $26.4167.

A number of research firms have recently commented on LEVI. Stifel Nicolaus boosted their target price on shares of 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 target price on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. UBS Group boosted their target price on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. BTIG Research began coverage on shares of Levi Strauss & Co. in a research report on Tuesday. They set a “buy” rating and a $27.00 target price on the stock. Finally, Barclays boosted their target price on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th.

Levi Strauss & Co. Trading Down 1.6%

NYSE LEVI opened at $20.83 on Wednesday. The company’s fifty day simple moving average is $22.29 and its 200-day simple moving average is $19.26. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.14 billion, a P/E ratio of 13.70, a PEG ratio of 1.60 and a beta of 1.30.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results 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 business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The business’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. Equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 4th. Investors of record on Monday, October 20th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a $0.56 annualized dividend and a yield of 2.7%. Levi Strauss & Co.’s dividend payout ratio is currently 36.84%.

Insider Buying and Selling at Levi Strauss & Co.

In related news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Margaret E. Haas sold 50,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Corporate insiders own 1.25% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its holdings in Levi Strauss & Co. by 2.1% in the first quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock valued at $512,000 after acquiring an additional 670 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock worth $49,000 after purchasing an additional 812 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after purchasing an additional 1,113 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of Levi Strauss & Co. by 7.5% during the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock worth $254,000 after purchasing an additional 1,133 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.