Recent Investment Analysts’ Ratings Changes for Levi Strauss & Co. (LEVI)

Several analysts have recently updated their ratings and price targets for Levi Strauss & Co. (NYSE: LEVI):

• 4/8/2024 – Levi Strauss & Co. had its price target raised by analysts at JPMorgan Chase & Co. from $19.00 to $21.00. They now have a “neutral” rating on the stock.
• 4/5/2024 – Levi Strauss & Co. had its price target raised by analysts at Morgan Stanley from $17.00 to $20.00. They now have an “equal weight” rating on the stock.
• 4/4/2024 – Levi Strauss & Co. had its price target raised by analysts at Telsey Advisory Group from $22.00 to $24.00. They now have an “outperform” rating on the stock.
• 4/4/2024 – Levi Strauss & Co. had its price target raised by analysts at Wells Fargo & Company from $17.00 to $20.00. They now have an “equal weight” rating on the stock.
• 4/4/2024 – Levi Strauss & Co. had its price target raised by analysts at Stifel Nicolaus from $17.00 to $24.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Levi Strauss & Co. had its price target raised by analysts at UBS Group AG from $23.00 to $25.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Levi Strauss & Co. had its price target raised by analysts at TD Cowen from $19.00 to $23.00. They now have a “buy” rating on the stock.
• 3/27/2024 – Levi Strauss & Co. had its price target raised by analysts at Telsey Advisory Group from $18.00 to $22.00. They now have an “outperform” rating on the stock.

Levi Strauss & Co. Stock Up 2.5 %

Levi Strauss & Co. stock opened at $19.72 on Tuesday. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 63.61, a PEG ratio of 1.10 and a beta of 1.22. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $18.64 and its two-hundred day moving average price is $16.40. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $22.39.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. Levi Strauss & Co.’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. On average, analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.43%. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.00, for a total value of $708,300.00. Following the transaction, the director now owns 179,430 shares of the company’s stock, valued at approximately $3,588,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.00, for a total value of $708,300.00. Following the transaction, the director now owns 179,430 shares of the company’s stock, valued at approximately $3,588,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41. The disclosure for this sale can be found here. Insiders have sold 168,727 shares of company stock valued at $3,275,016 in the last quarter. Insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LEVI. Raymond James & Associates boosted its holdings in shares of Levi Strauss & Co. by 40.6% in the first quarter. Raymond James & Associates now owns 36,330 shares of the blue-jean maker’s stock worth $718,000 after buying an additional 10,498 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Levi Strauss & Co. by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 438,865 shares of the blue-jean maker’s stock worth $8,672,000 after purchasing an additional 30,089 shares during the period. Citigroup Inc. boosted its holdings in shares of Levi Strauss & Co. by 37.9% during the first quarter. Citigroup Inc. now owns 79,770 shares of the blue-jean maker’s stock worth $1,576,000 after purchasing an additional 21,916 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Levi Strauss & Co. by 20.0% during the first quarter. Dimensional Fund Advisors LP now owns 324,332 shares of the blue-jean maker’s stock worth $6,413,000 after purchasing an additional 54,109 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Levi Strauss & Co. by 6.0% during the first quarter. Sei Investments Co. now owns 119,376 shares of the blue-jean maker’s stock worth $2,359,000 after purchasing an additional 6,771 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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.