Levi Strauss & Co. (NYSE:LEVI - Get Free Report) saw unusually large options trading activity on Thursday. Stock traders bought 36,135 put options on the stock. This is an increase of 1,481% compared to the average daily volume of 2,286 put options.
Levi Strauss & Co. Price Performance
LEVI stock traded up $0.18 during midday trading on Thursday, reaching $18.25. The company had a trading volume of 1,802,345 shares, compared to its average volume of 2,198,912. The firm has a 50-day moving average price of $17.02 and a 200-day moving average price of $16.98. The company has a market capitalization of $7.22 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.70 and a beta of 1.15. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $21.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.50 and a quick ratio of 0.89.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 28.11% and a net margin of 5.63%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted $0.26 earnings per share. The company's revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 24th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Thursday, April 24th. Levi Strauss & Co.'s payout ratio is currently 58.43%.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC lifted its stake in Levi Strauss & Co. by 101.5% in 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. IFP Advisors Inc bought a new stake in shares of Levi Strauss & Co. in the 1st quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Levi Strauss & Co. by 35.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after acquiring an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after acquiring an additional 1,879 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Levi Strauss & Co. during the 4th quarter worth approximately $57,000. 69.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
LEVI has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company upped their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Citigroup restated a "neutral" rating and issued a $19.00 price objective (up from $14.00) on shares of Levi Strauss & Co. in a research report on Wednesday, May 21st. Finally, Bank of America upped their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. has an average rating of "Moderate Buy" and an average target price of $20.55.
Check Out Our Latest Research Report on Levi Strauss & Co.
About Levi Strauss & Co.
(
Get Free Report)
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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