Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $34.00

Levi Strauss & Co. (NYSE:LEVI) had its target price raised by JPMorgan Chase & Co. from $33.00 to $34.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the blue-jean maker’s stock.

Other analysts have also issued reports about the company. UBS Group reissued a “buy” rating and issued a $34.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Citigroup upped their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. TD Cowen reiterated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. Telsey Advisory Group lifted their price target on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Tuesday, July 28th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Stock Down 1.7%

LEVI opened at $24.33 on Tuesday. The company has a fifty day moving average of $24.07 and a two-hundred day moving average of $22.09. The stock has a market capitalization of $9.36 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.63 and a beta of 1.33. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the company posted $0.22 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were paid a dividend of $0.16 per share. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, July 22nd. This represents a $0.64 annualized dividend and a yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 39.51%.

Insider Transactions at Levi Strauss & Co.

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total value of $3,497,344.62. Following the sale, the insider directly owned 145,662 shares of the company’s stock, valued at $3,497,344.62. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harmit J. Singh sold 98,144 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total value of $2,377,047.68. Following the sale, the executive vice president owned 98,747 shares of the company’s stock, valued at $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,296,009 shares of company stock valued at $30,227,170 in the last 90 days. Corporate insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of Levi Strauss & Co. by 181.6% in the first quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock valued at $2,364,000 after buying an additional 97,800 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Levi Strauss & Co. during the first quarter worth about $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after acquiring an additional 1,879 shares in the last quarter. Caxton Associates LLP purchased a new stake in Levi Strauss & Co. during the 1st quarter valued at about $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Levi Strauss & Co. by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock valued at $24,908,000 after acquiring an additional 52,332 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.