Levi Strauss & Co. (NYSE:LEVI) PT Raised to $26.00

Levi Strauss & Co. (NYSE:LEVIFree Report) had its target price upped by Telsey Advisory Group from $24.00 to $26.00 in a report released on Friday, Marketbeat.com reports. The firm currently has an outperform rating on the blue-jean maker’s stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.27 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $1.45 EPS.

Several other analysts have also recently issued reports on the company. TD Cowen increased their target price on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a neutral rating in a research report on Monday, April 8th. Morgan Stanley upped their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an equal weight rating in a research report on Friday, April 5th. OTR Global assumed coverage on shares of Levi Strauss & Co. in a report on Friday, June 14th. They issued a positive rating on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an equal weight rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $21.56.

Get Our Latest Stock Report on Levi Strauss & Co.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $23.22 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. The stock has a 50-day simple moving average of $22.44 and a two-hundred day simple moving average of $19.20. The firm has a market capitalization of $9.24 billion, a PE ratio of 74.90, a P/E/G ratio of 1.32 and a beta of 1.19. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $24.34.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were given a $0.12 dividend. The ex-dividend date was Wednesday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.07%. Levi Strauss & Co.’s payout ratio is presently 154.84%.

Insider Activity

In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 23,041 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, major shareholder Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.01, for a total value of $461,050.41. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Harmit J. Singh sold 346,555 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the sale, the executive vice president now directly owns 525,337 shares of the company’s stock, valued at approximately $11,667,734.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 830,719 shares of company stock worth $18,426,020. Corporate insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Levi Strauss & Co. by 1.0% during the first quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock worth $1,702,000 after purchasing an additional 851 shares during the period. Strategic Advisors LLC lifted its position in Levi Strauss & Co. by 7.0% during the fourth quarter. Strategic Advisors LLC now owns 19,900 shares of the blue-jean maker’s stock valued at $329,000 after purchasing an additional 1,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Levi Strauss & Co. by 6.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,297 shares of the blue-jean maker’s stock valued at $352,000 after purchasing an additional 1,319 shares during the last quarter. KBC Group NV boosted its holdings in Levi Strauss & Co. by 1.8% in the fourth quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock valued at $1,832,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in Levi Strauss & Co. by 1.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 152,262 shares of the blue-jean maker’s stock worth $2,068,000 after purchasing an additional 2,096 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Levi Strauss & Co. Company Profile

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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.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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