Levi Strauss & Co. (NYSE:LEVI) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note published on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $26.00 target price 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.

A number of other equities research analysts have also recently commented on LEVI. JPMorgan Chase & Co. lifted their price objective on Levi Strauss & Co. from $19.00 to $21.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Morgan Stanley increased their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a report on Thursday, April 4th. OTR Global started coverage on shares of Levi Strauss & Co. in a report on Friday, June 14th. They issued a positive rating on the stock. Finally, Stifel Nicolaus boosted their price target on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a report on Monday, June 24th. Four 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, Levi Strauss & Co. presently has a consensus rating of Moderate Buy and an average target price of $22.33.

Levi Strauss & Co. Trading Down 1.4 %

Shares of LEVI opened at $19.28 on Thursday. The stock’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $19.34. The firm has a market capitalization of $7.67 billion, a PE ratio of 55.09, a price-to-earnings-growth ratio of 1.13 and a beta of 1.19. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 EPS. As a group, research analysts predict that Levi Strauss & Co. will post 1.26 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.13 per share. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.12. This represents a $0.52 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, August 2nd. Levi Strauss & Co.’s dividend payout ratio is currently 137.15%.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 10,422 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 10,422 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $20.00, for a total transaction of $208,440.00. Following the sale, the director now directly owns 169,008 shares of the company’s stock, valued at approximately $3,380,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Friedman sold 16,666 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $23.94, for a total value of $398,984.04. Following the completion of the transaction, the director now owns 166,676 shares of the company’s stock, valued at approximately $3,990,223.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 772,263 shares of company stock valued at $17,256,670. 3.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. bought a new position in shares of Levi Strauss & Co. in the fourth quarter valued at $215,000. Guyasuta Investment Advisors Inc. bought a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $223,000. Isthmus Partners LLC bought a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $270,000. BTC Capital Management Inc. acquired a new position in shares of Levi Strauss & Co. during the 1st quarter worth about $294,000. Finally, Strategic Advisors LLC raised its holdings in shares of Levi Strauss & Co. by 7.0% in the 4th 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. Institutional investors own 69.14% of the company’s stock.

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.