Telsey Advisory Group Equities Analysts Reduce Earnings Estimates for Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI) – Analysts at Telsey Advisory Group dropped their FY2024 earnings estimates for Levi Strauss & Co. in a research report issued on Thursday, October 3rd. Telsey Advisory Group analyst D. Telsey now anticipates that the blue-jean maker will post earnings per share of $1.23 for the year, down from their previous estimate of $1.27. Telsey Advisory Group currently has a “Outperform” rating and a $26.00 target price on the stock. The consensus estimate for Levi Strauss & Co.’s current full-year earnings is $1.25 per share. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.48 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $1.42 EPS.

Several other research analysts have also commented on LEVI. TD Cowen reduced their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America boosted their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, OTR Global began coverage on Levi Strauss & Co. in a report on Friday, June 14th. They issued a “positive” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $19.82 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.42. The stock’s fifty day moving average is $19.19 and its two-hundred day moving average is $20.35. The firm has a market capitalization of $7.88 billion, a P/E ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.28 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently made changes to their positions in the company. Allianz Asset Management GmbH increased its position in shares of Levi Strauss & Co. by 158.3% in the 4th quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock valued at $2,564,000 after purchasing an additional 95,000 shares during the last quarter. KBC Group NV increased 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 buying an additional 1,917 shares during the last quarter. Capital Research Global Investors raised its stake in Levi Strauss & Co. by 17.8% in the fourth quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock valued at $109,584,000 after buying an additional 1,000,000 shares in the last quarter. Seven Eight Capital LP purchased a new stake in Levi Strauss & Co. during the 4th quarter worth about $1,361,000. Finally, Bragg Financial Advisors Inc boosted its position in shares of Levi Strauss & Co. by 44.6% during the 4th quarter. Bragg Financial Advisors Inc now owns 526,334 shares of the blue-jean maker’s stock worth $8,706,000 after acquiring an additional 162,423 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the transaction, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now owns 154,178 shares in the company, valued at $2,952,508.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Friedman sold 25,002 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is currently owned by company insiders.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th will be paid a $0.13 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. Levi Strauss & Co.’s payout ratio is presently 148.57%.

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.