Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Levi Strauss & Co. has received a consensus rating of "Moderate Buy" from fourteen brokerages, with ten analysts recommending a buy and four recommending a hold on the stock.
• The company recently reported $0.34 earnings per share for the quarter, exceeding analyst expectations and demonstrating a 7% increase in revenue year-over-year.
• Levi Strauss has declared a quarterly dividend of $0.14 per share, reflecting an annualized dividend yield of 2.6% and a payout ratio of 36.84%.

Shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $26.4167.

Several equities analysts have commented on LEVI shares. Zacks Research cut shares of Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Stifel Nicolaus upped their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. BTIG Research initiated coverage on shares of Levi Strauss & Co. in a report on Tuesday. They issued a "buy" rating and a $27.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Levi Strauss & Co. in a report on Thursday, September 25th. They issued a "buy" rating and a $28.00 price target on the stock. Finally, Morgan Stanley lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th.

Levi Strauss & Co. Trading Up 0.8%

NYSE LEVI opened at $21.34 on Wednesday. The firm has a market capitalization of $8.44 billion, a P/E ratio of 14.04, a PEG ratio of 1.61 and a beta of 1.30. The business has a fifty day simple moving average of $22.23 and a 200 day simple moving average of $19.18. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business's revenue was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. On average, analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, October 20th. Levi Strauss & Co.'s dividend payout ratio is currently 36.84%.

Insider Activity

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Margaret E. Haas sold 50,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total value of $1,207,000.00. The disclosure for this sale can be found here. 1.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in shares of Levi Strauss & Co. by 143.6% in the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock worth $460,000 after buying an additional 17,376 shares during the last quarter. Figure 8 Investment Strategies LLC grew its position in Levi Strauss & Co. by 4.4% in the first quarter. Figure 8 Investment Strategies LLC now owns 53,036 shares of the blue-jean maker's stock worth $827,000 after acquiring an additional 2,240 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after purchasing an additional 1,113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after purchasing an additional 812 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Levi Strauss & Co. by 6.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock worth $26,856,000 after purchasing an additional 97,781 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

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.

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