Levi Strauss & Co. (NYSE:LEVI) Stock Has Average Price Target of $26.92

Key Points

• Analysts maintain a moderately bullish outlook: Eleven of 14 analysts rate Levi Strauss a buy, while three recommend holding the stock. The average 12-month price target is $26.92, above its $21.17 opening price.
• Levi Strauss reported quarterly EPS of $0.48, exceeding the $0.36 consensus estimate, while revenue rose 4.3% year over year to $1.61 billion, slightly below expectations.
• The company declared a quarterly dividend of $0.16 per share, equivalent to $0.64 annually and a 3.0% yield. Institutional investors own approximately 69.14% of the stock.

Shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the fourteen ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $26.92.

A number of brokerages recently commented on LEVI. Telsey Advisory Group increased their price target on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Jefferies Financial Group cut their price target on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 1st. Wells Fargo & Company dropped their price target on Levi Strauss & Co. from $25.00 to $20.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 8th. Wall Street Zen lowered shares of Levi Strauss & Co. from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 3rd. Finally, Raymond James Financial cut their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Thursday, October 8th.

Levi Strauss & Co. Stock Down 0.9%

LEVI opened at $21.17 on Friday. The firm has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $22.25. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70. The company has a market capitalization of $8.12 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.27 and a beta of 1.32. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.12. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The business had revenue of $1.61 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter last year, the business posted $0.34 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. Levi Strauss & Co.'s dividend payout ratio is presently 42.67%.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker's stock worth $89,489,000 after acquiring an additional 3,979,223 shares during the last quarter. Eastern Bank purchased a new position in Levi Strauss & Co. during the 2nd quarter worth approximately $60,854,000. Dimensional Fund Advisors LP lifted its stake in Levi Strauss & Co. by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,849,014 shares of the blue-jean maker's stock valued at $34,185,000 after acquiring an additional 148,174 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Levi Strauss & Co. by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker's stock valued at $40,834,000 after acquiring an additional 7,827 shares during the period. Finally, Swedbank AB purchased a new stake in Levi Strauss & Co. in the first quarter valued at $24,799,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co NYSE: LEVI is an apparel company best known for its Levi's brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company's brands include Levi's, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.

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