Levi Strauss & Co. (LEVI) to Release Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVI) is set to issue its quarterly earnings data after the market closes on Wednesday, April 3rd. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Tuesday, January 23rd. The blue-jean maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Levi Strauss & Co. had a return on equity of 22.33% and a net margin of 4.04%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, analysts expect Levi Strauss & Co. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $20.30 on Tuesday. The stock has a market cap of $8.08 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 1.27 and a beta of 1.21. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $20.36. The stock’s 50-day moving average price is $17.91 and its two-hundred day moving average price is $15.93. The company has a current ratio of 1.48, a quick ratio of 0.75 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Wednesday, February 7th were given a $0.12 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. Levi Strauss & Co.’s dividend payout ratio is 76.19%.

Insider Buying and Selling

In other news, Director David A. Friedman sold 10,422 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $20.00, for a total value of $208,440.00. Following the completion of the sale, the director now owns 169,008 shares of the company’s stock, valued at approximately $3,380,160. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Levi Strauss & Co. news, EVP Tracy Layney sold 15,894 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $17.02, for a total value of $270,515.88. Following the transaction, the executive vice president now directly owns 41,468 shares of the company’s stock, valued at approximately $705,785.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Friedman sold 10,422 shares of Levi Strauss & Co. stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.00, for a total transaction of $208,440.00. Following the completion of the sale, the director now owns 169,008 shares of the company’s stock, valued at approximately $3,380,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,753 shares of company stock worth $2,423,031. Corporate insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors have recently modified their holdings of LEVI. Man Group plc acquired a new stake in Levi Strauss & Co. during the fourth quarter worth approximately $196,000. The Manufacturers Life Insurance Company bought a new position in shares of Levi Strauss & Co. in the third quarter valued at approximately $191,000. CI Private Wealth LLC purchased a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at $187,000. Atria Wealth Solutions Inc. bought a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $168,000. Finally, Captrust Financial Advisors bought a new position in Levi Strauss & Co. during the second quarter valued at about $164,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LEVI shares. Wells Fargo & Company decreased their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Friday, January 26th. JPMorgan Chase & Co. lowered their price objective on shares of Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. UBS Group boosted their target price on Levi Strauss & Co. from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Telsey Advisory Group raised their price target on Levi Strauss & Co. from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

Levi Strauss & Co. Company Profile

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.