Levi Strauss & Co. (NYSE:LEVI) Issues Earnings Results

Levi Strauss & Co. (NYSE:LEVI) announced its earnings results on Wednesday. The blue-jean maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02, Zacks reports. Levi Strauss & Co. had a return on equity of 26.00% and a net margin of 3.32%. Levi Strauss & Co. updated its FY 2025 guidance to 1.200-1.250 EPS.

Levi Strauss & Co. Stock Performance

NYSE:LEVI traded up $0.51 during mid-day trading on Friday, hitting $19.36. The stock had a trading volume of 426,372 shares, compared to its average volume of 1,959,992. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The company has a 50 day simple moving average of $17.52 and a 200-day simple moving average of $18.17. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 1.22 and a beta of 1.16. Levi Strauss & Co. has a 52 week low of $15.62 and a 52 week high of $24.34.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.69%. Levi Strauss & Co.’s dividend payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday. Guggenheim reiterated a “buy” rating and set a $23.00 price objective on shares of Levi Strauss & Co. in a research note on Friday, January 24th. TD Cowen dropped their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Stifel Nicolaus decreased their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.36.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the transaction, the director now owns 104,178 shares in the company, valued at $1,875,204. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.14% of the stock is owned by insiders.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.