Levi Strauss & Co. (NYSE:LEVI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $26.4167.

A number of research analysts recently issued reports on the company. Needham & Company LLC started coverage on Levi Strauss & Co. in a report on Thursday, September 25th. They set a “buy” rating and a $28.00 price objective for the company. BTIG Research initiated coverage on Levi Strauss & Co. in a research report on Tuesday, October 14th. They set a “buy” rating and a $27.00 price target for the company. Barclays raised their price target on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. boosted their price objective on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Levi Strauss & Co. in a research report on Monday.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total value of $3,628,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Margaret E. Haas sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total value of $1,207,000.00. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its holdings in Levi Strauss & Co. by 10.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock valued at $151,000 after purchasing an additional 614 shares during the last quarter. XTX Topco Ltd raised its position in shares of Levi Strauss & Co. by 2.1% in the first quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock valued at $512,000 after purchasing an additional 670 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Levi Strauss & Co. by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,094 shares of the blue-jean maker’s stock worth $639,000 after buying an additional 806 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 810 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Levi Strauss & Co. by 140.7% in 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 buying an additional 833 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Up 1.5%

Shares of NYSE:LEVI opened at $22.42 on Thursday. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 1.50 and a beta of 1.34. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The company’s fifty day simple moving average is $21.68 and its 200 day simple moving average is $20.56. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

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

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th were issued a $0.14 dividend. The ex-dividend date was Monday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 36.84%.

About Levi Strauss & Co.

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.