Brokerages Set Levi Strauss & Co. (NYSE:LEVI) PT at $19.82

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.45.

Several analysts have recently weighed in on LEVI shares. Wells Fargo & Company boosted their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Bank of America raised Levi Strauss & Co. from a "neutral" rating to a "buy" rating and boosted their target price for the company from $17.00 to $20.00 in a report on Thursday, April 10th. Guggenheim boosted their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Telsey Advisory Group boosted their target price on Levi Strauss & Co. from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus reduced their price objective on Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock traded down $0.19 on Friday, hitting $17.75. The stock had a trading volume of 1,972,318 shares, compared to its average volume of 2,169,788. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.92 and a beta of 1.14. The company's 50 day moving average price is $15.87 and its 200 day moving average price is $16.90.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted 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 return on equity of 25.88% and a net margin of 3.32%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.26 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Thursday, April 24th. Levi Strauss & Co.'s dividend payout ratio (DPR) is 58.43%.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of large investors have recently modified their holdings of the business. Bayforest Capital Ltd purchased a new position in shares of Levi Strauss & Co. during the 1st quarter worth approximately $402,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker's stock worth $24,908,000 after buying an additional 52,332 shares in the last quarter. Aristeia Capital L.L.C. purchased a new position in shares of Levi Strauss & Co. during the 1st quarter worth approximately $516,000. Caxton Associates LLP purchased a new position in shares of Levi Strauss & Co. during the 1st quarter worth approximately $241,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Levi Strauss & Co. by 3.2% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 118,105 shares of the blue-jean maker's stock worth $1,841,000 after buying an additional 3,633 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.