Levi Strauss & Co. (NYSE:LEVI) Hits New 52-Week High at $29.30


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Levi Strauss & Co. (NYSE:LEVI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.30 and last traded at $29.07, with a volume of 2198005 shares changing hands. The stock had previously closed at $28.91.

Several analysts have weighed in on LEVI shares. UBS Group boosted their price objective on Levi Strauss & Co. from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, April 9th. Citigroup lifted their target price on shares of Levi Strauss & Co. from $26.00 to $29.00 in a report on Friday, April 9th. Guggenheim raised their price target on Levi Strauss & Co. from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Morgan Stanley upped their price objective on Levi Strauss & Co. from $25.00 to $28.00 and gave the company an “overweight” rating in a report on Monday. Finally, Zacks Investment Research upgraded Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Monday, April 12th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Levi Strauss & Co. presently has a consensus rating of “Buy” and an average target price of $27.45.

The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $11.64 billion, a P/E ratio of -120.45, a price-to-earnings-growth ratio of 4.59 and a beta of 1.05. The business has a fifty day moving average price of $24.97 and a 200 day moving average price of $20.68.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, April 7th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. Levi Strauss & Co. had a positive return on equity of 7.10% and a negative net margin of 1.90%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm earned $0.40 EPS. Levi Strauss & Co.’s revenue for the quarter was down 13.3% compared to the same quarter last year. As a group, equities analysts forecast that Levi Strauss & Co. will post 0.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 25th. Stockholders of record on Friday, May 7th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, May 6th. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.04. Levi Strauss & Co.’s payout ratio is currently 16.49%.

In related news, insider Jennifer A. Sey sold 16,222 shares of Levi Strauss & Co. stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $19.63, for a total value of $318,437.86. Following the sale, the insider now owns 80,391 shares of the company’s stock, valued at $1,578,075.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Marc Rosen sold 19,508 shares of the company’s stock in a transaction dated Monday, February 1st. The stock was sold at an average price of $19.64, for a total value of $383,137.12. Following the sale, the executive vice president now owns 103,798 shares in the company, valued at approximately $2,038,592.72. The disclosure for this sale can be found here. Insiders have sold 1,346,212 shares of company stock valued at $33,123,901 in the last 90 days. 6.48% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. FMR LLC acquired a new stake in shares of Levi Strauss & Co. in the 1st quarter valued at approximately $14,917,000. State Street Corp raised its position in Levi Strauss & Co. by 1.3% during the third quarter. State Street Corp now owns 165,476 shares of the blue-jean maker’s stock worth $2,217,000 after acquiring an additional 2,174 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Levi Strauss & Co. by 54.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 283,945 shares of the blue-jean maker’s stock valued at $3,805,000 after acquiring an additional 100,304 shares during the last quarter. Morgan Stanley grew its position in shares of Levi Strauss & Co. by 282.0% in the 3rd quarter. Morgan Stanley now owns 742,758 shares of the blue-jean maker’s stock valued at $9,953,000 after acquiring an additional 548,296 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Levi Strauss & Co. during the 3rd quarter worth about $358,000. Institutional investors own 12.28% of the company’s stock.

Levi Strauss & Co. Company Profile (NYSE:LEVI)

Levi Strauss & Co operates as an apparel company. It designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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