Levi Strauss & Co. (NYSE:LEVI) Receives $19.18 Consensus Price Target from Analysts

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.18.

A number of analysts have recently issued reports on LEVI shares. Guggenheim boosted their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Telsey Advisory Group dropped their price objective on shares of Levi Strauss & Co. from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $19.00 to $17.00 in a report on Tuesday, April 8th. Bank of America raised shares of Levi Strauss & Co. from a "neutral" rating to a "buy" rating and upped their target price for the company from $17.00 to $20.00 in a research note on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now directly owns 100,012 shares of the company's stock, valued at $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Levi Strauss & Co. by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 8,824,983 shares of the blue-jean maker's stock worth $152,672,000 after acquiring an additional 133,978 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Levi Strauss & Co. by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 6,673,056 shares of the blue-jean maker's stock valued at $115,444,000 after purchasing an additional 81,435 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Levi Strauss & Co. by 53.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,916,568 shares of the blue-jean maker's stock worth $33,157,000 after buying an additional 669,624 shares during the period. Millennium Management LLC raised its stake in shares of Levi Strauss & Co. by 560.0% during the fourth quarter. Millennium Management LLC now owns 1,883,995 shares of the blue-jean maker's stock worth $32,593,000 after buying an additional 1,598,523 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Levi Strauss & Co. by 6.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock valued at $26,856,000 after buying an additional 97,781 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock traded down $0.20 during mid-day trading on Wednesday, reaching $15.88. The company had a trading volume of 3,361,160 shares, compared to its average volume of 2,154,383. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.92 and a beta of 1.07. The company has a 50 day moving average of $15.86 and a 200-day moving average of $17.00. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same quarter last year, the company earned $0.26 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 24th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, April 24th. Levi Strauss & Co.'s payout ratio is presently 58.43%.

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.