Levi Strauss & Co. (NYSE:LEVI) Earns Buy Rating from Analysts at BTIG Research

BTIG Research started coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $27.00 target price on the blue-jean maker’s stock.

Several other equities research analysts have also commented on the stock. Citigroup boosted their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. Barclays boosted their price target on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Bank of America boosted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. UBS Group boosted their price target on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Stifel Nicolaus boosted their price target on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.42.

Levi Strauss & Co. Price Performance

NYSE:LEVI opened at $21.18 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.62 and a beta of 1.30. The company has a 50 day moving average price of $22.27 and a 200-day moving average price of $19.23. Levi Strauss & Co. has a 1-year low of $12.17 and a 1-year high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Monday, October 20th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, October 20th. Levi Strauss & Co.’s payout ratio is 36.84%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total transaction of $3,628,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. stock in a transaction on Wednesday, October 1st. The stock was 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. Insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEVI. Northwestern Mutual Wealth Management Co. boosted its position in shares of Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock valued at $34,000 after acquiring an additional 1,113 shares during the last quarter. IFP Advisors Inc acquired a new position in shares of Levi Strauss & Co. during the 1st quarter valued at about $38,000. Hara Capital LLC boosted its position in shares of Levi Strauss & Co. by 8,080.0% during the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock valued at $38,000 after acquiring an additional 2,020 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Levi Strauss & Co. by 35.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after acquiring an additional 812 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.