Levi Strauss & Co. (NYSE:LEVI) Releases FY 2022 Earnings Guidance

Levi Strauss & Co. (NYSE:LEVIGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.500-$1.560 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.550. The company issued revenue guidance of $6.40 billion-$6.50 billion, compared to the consensus revenue estimate of $6.45 billion.

NYSE LEVI opened at $19.66 on Wednesday. The stock has a market cap of $7.80 billion, a P/E ratio of 13.28, a PEG ratio of 1.55 and a beta of 1.09. The company’s 50-day simple moving average is $20.40 and its 200 day simple moving average is $23.31. Levi Strauss & Co. has a twelve month low of $17.34 and a twelve month high of $30.84. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.59.

Levi Strauss & Co. (NYSE:LEVIGet Rating) last announced its earnings results on Wednesday, April 6th. The blue-jean maker reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Levi Strauss & Co. had a net margin of 10.03% and a return on equity of 40.41%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Levi Strauss & Co.’s quarterly revenue was up 21.9% on a year-over-year basis. Research analysts anticipate that Levi Strauss & Co. will post 1.55 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Friday, May 6th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.40 dividend on an annualized basis and a yield of 2.03%. Levi Strauss & Co.’s payout ratio is presently 27.03%.

A number of brokerages have issued reports on LEVI. Guggenheim reaffirmed a buy rating and issued a $33.00 price objective on shares of Levi Strauss & Co. in a research note on Friday, April 1st. Citigroup reduced their price objective on shares of Levi Strauss & Co. from $28.00 to $27.00 and set a buy rating on the stock in a research note on Thursday, April 7th. Wells Fargo & Company reduced their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set an overweight rating on the stock in a research note on Tuesday, April 5th. Telsey Advisory Group reduced their price target on shares of Levi Strauss & Co. from $34.00 to $30.00 and set an outperform rating on the stock in a research report on Thursday, January 27th. Finally, TheStreet cut shares of Levi Strauss & Co. from a b- rating to a c+ rating in a research report on Thursday, March 10th. One research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of Buy and a consensus price target of $31.08.

In other Levi Strauss & Co. news, EVP Seth Jaffe sold 14,602 shares of the business’s stock in a transaction dated Monday, January 31st. The shares were sold at an average price of $21.67, for a total value of $316,425.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jennifer A. Sey sold 28,432 shares of the business’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $24.00, for a total transaction of $682,368.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,125 shares of company stock worth $1,576,124. 3.69% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of LEVI. Barclays PLC increased its position in Levi Strauss & Co. by 11.8% during the 4th quarter. Barclays PLC now owns 11,370 shares of the blue-jean maker’s stock worth $285,000 after purchasing an additional 1,200 shares in the last quarter. California State Teachers Retirement System increased its position in Levi Strauss & Co. by 10.9% during the 4th quarter. California State Teachers Retirement System now owns 89,299 shares of the blue-jean maker’s stock worth $2,235,000 after purchasing an additional 8,751 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Levi Strauss & Co. in the 4th quarter valued at approximately $153,000. NEXT Financial Group Inc increased its position in Levi Strauss & Co. by 88.9% in the 4th quarter. NEXT Financial Group Inc now owns 5,869 shares of the blue-jean maker’s stock valued at $147,000 after acquiring an additional 2,762 shares during the period. Finally, Sei Investments Co. increased its position in Levi Strauss & Co. by 164.2% in the 4th quarter. Sei Investments Co. now owns 112,605 shares of the blue-jean maker’s stock valued at $2,819,000 after acquiring an additional 69,989 shares during the period. 69.45% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile (Get Rating)

Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.

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