Levi Strauss & Co. (LEVI) Scheduled to Post Quarterly Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVI – Get Rating) is set to announce its earnings results after the market closes on Wednesday, January 25th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock traded down $0.10 during trading hours on Tuesday, reaching $16.72. 2,479,166 shares of the company’s stock were exchanged, compared to its average volume of 1,948,929. Levi Strauss & Co. has a fifty-two week low of $13.57 and a fifty-two week high of $24.22. The stock has a market capitalization of $6.59 billion, a P/E ratio of 11.94, a P/E/G ratio of 2.97 and a beta of 1.14. The business has a fifty day moving average price of $16.17 and a 200-day moving average price of $16.68. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 0.53.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LEVI shares. JPMorgan Chase & Co. lowered Levi Strauss & Co. from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $17.00 in a report on Monday. Guggenheim cut their target price on Levi Strauss & Co. from $33.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, October 7th. Citigroup lowered Levi Strauss & Co. from a “buy” rating to a “neutral” rating and cut their target price for the company from $19.00 to $17.00 in a research note on Wednesday, January 11th. The Goldman Sachs Group lowered Levi Strauss & Co. from a “buy” rating to a “neutral” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Monday, December 12th. Finally, Wells Fargo & Company cut their target price on Levi Strauss & Co. from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, October 7th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.27.

Insiders Place Their Bets

In other Levi Strauss & Co. news, EVP Seth M. Ellison sold 4,315 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $16.35, for a total transaction of $70,550.25. Following the completion of the transaction, the executive vice president now directly owns 89,946 shares in the company, valued at $1,470,617.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Seth Jaffe sold 11,266 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $15.03, for a total transaction of $169,327.98. Following the sale, the executive vice president now owns 148,299 shares in the company, valued at $2,228,933.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Seth M. Ellison sold 4,315 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $16.35, for a total value of $70,550.25. Following the sale, the executive vice president now owns 89,946 shares in the company, valued at approximately $1,470,617.10. The disclosure for this sale can be found here. Insiders sold 34,703 shares of company stock worth $544,215 over the last three months. 3.69% of the stock is currently owned by corporate insiders.

Institutional Trading of Levi Strauss & Co.

Several large investors have recently made changes to their positions in LEVI. Wellington Management Group LLP grew its holdings in shares of Levi Strauss & Co. by 20.5% during the first quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker’s stock worth $125,773,000 after purchasing an additional 1,084,969 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Levi Strauss & Co. by 490.5% in the third quarter. Two Sigma Investments LP now owns 452,665 shares of the blue-jean maker’s stock valued at $6,550,000 after acquiring an additional 376,007 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Levi Strauss & Co. by 56.0% in the second quarter. Wells Fargo & Company MN now owns 489,271 shares of the blue-jean maker’s stock valued at $7,985,000 after acquiring an additional 175,696 shares during the last quarter. Eaton Vance Management boosted its holdings in Levi Strauss & Co. by 92.4% in the first quarter. Eaton Vance Management now owns 323,214 shares of the blue-jean maker’s stock valued at $6,387,000 after acquiring an additional 155,214 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Levi Strauss & Co. by 31.9% in the first quarter. First Trust Advisors LP now owns 533,948 shares of the blue-jean maker’s stock valued at $10,551,000 after acquiring an additional 129,236 shares during the last quarter. Institutional investors own 18.76% of the company’s stock.

Levi Strauss & Co. Company Profile

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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.