Levi Strauss & Co. (NYSE:LEVI) Receives Average Rating of “Buy” from Brokerages

Levi Strauss & Co. (NYSE:LEVIGet Rating) has earned an average rating of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.69.

Several equities research analysts recently issued reports on LEVI shares. TheStreet cut shares of Levi Strauss & Co. from a “b-” rating to a “c+” rating in a research report on Thursday, March 10th. Guggenheim reiterated a “buy” rating and issued a $33.00 price target on shares of Levi Strauss & Co. in a report on Friday, April 1st. The Goldman Sachs Group dropped their price objective on Levi Strauss & Co. from $30.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, April 7th. Bank of America lifted their target price on Levi Strauss & Co. from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, January 27th. Finally, Wells Fargo & Company dropped their price target on Levi Strauss & Co. from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th.

In other Levi Strauss & Co. news, EVP Seth Jaffe sold 12,769 shares of the company’s stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $18.69, for a total value of $238,652.61. Following the completion of the transaction, the executive vice president now owns 148,299 shares in the company, valued at approximately $2,771,708.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 39,860 shares of company stock worth $815,983 over the last three months. 3.69% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new position in shares of Levi Strauss & Co. during the 1st quarter valued at approximately $2,478,000. Verition Fund Management LLC raised its holdings in Levi Strauss & Co. by 22.5% in the first quarter. Verition Fund Management LLC now owns 12,757 shares of the blue-jean maker’s stock valued at $252,000 after acquiring an additional 2,342 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Levi Strauss & Co. by 4.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 494,504 shares of the blue-jean maker’s stock valued at $9,772,000 after acquiring an additional 22,715 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Levi Strauss & Co. by 76.6% during the 1st quarter. International Assets Investment Management LLC now owns 29,050 shares of the blue-jean maker’s stock worth $574,000 after acquiring an additional 12,600 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Levi Strauss & Co. by 31.9% in the 1st quarter. First Trust Advisors LP now owns 533,948 shares of the blue-jean maker’s stock worth $10,551,000 after purchasing an additional 129,236 shares during the last quarter. Institutional investors own 70.69% of the company’s stock.

Shares of Levi Strauss & Co. stock opened at $17.41 on Friday. Levi Strauss & Co. has a fifty-two week low of $16.34 and a fifty-two week high of $30.09. The business’s fifty day moving average is $19.16 and its two-hundred day moving average is $22.51. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.90 billion, a PE ratio of 11.76, a P/E/G ratio of 1.39 and a beta of 1.06.

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

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Friday, May 6th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 5th. This represents a $0.40 annualized dividend and a dividend yield of 2.30%. Levi Strauss & Co.’s payout ratio is currently 27.03%.

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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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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