Levi Strauss & Co. operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co., and Denizen brands. In addition, the company licenses Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery. Further, it sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees who operate brand-dedicated stores; and directly to consumers through various formats, including company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores, and other third-party retail locations. The company also operates approximately 3,100 brand-dedicated stores and shop-in-shops. The company was founded in 1853 and is headquartered in San Francisco, California.
Levi Strauss & Co. Stock Up 0.1 %
LEVI opened at $19.53 on Friday. Levi Strauss & Co. has a fifty-two week low of $15.61 and a fifty-two week high of $28.62. The firm has a market capitalization of $7.75 billion, a P/E ratio of 13.56, a PEG ratio of 3.41 and a beta of 1.11. The company's 50-day moving average is $17.79 and its 200 day moving average is $19.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.53 and a quick ratio of 0.88.
Levi Strauss & Co. (NYSE:LEVI - Get Rating) last posted its earnings results on Thursday, July 7th. The blue-jean maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.43 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 40.03%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. Research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.
Levi Strauss & Co. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 17th. Investors of record on Monday, August 1st will be issued a $0.12 dividend. This is an increase from Levi Strauss & Co.'s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, July 29th. Levi Strauss & Co.'s payout ratio is 33.33%.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on LEVI. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $26.00 to $23.00 in a report on Wednesday, July 20th. UBS Group reduced their price objective on Levi Strauss & Co. from $31.00 to $24.00 in a research note on Friday, July 15th. JPMorgan Chase & Co. decreased their price objective on Levi Strauss & Co. from $27.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, July 8th. Morgan Stanley cut Levi Strauss & Co. from an "overweight" rating to an "equal weight" rating and set a $19.00 target price on the stock. in a report on Thursday, August 4th. Finally, Wells Fargo & Company decreased their price target on shares of Levi Strauss & Co. from $25.00 to $22.00 and set an "overweight" rating for the company in a research note on Friday, July 8th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and an average target price of $26.18.
Insider Activity at Levi Strauss & Co.
In related news, EVP Seth Jaffe sold 12,782 shares of Levi Strauss & Co. stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $18.75, for a total value of $239,662.50. Following the sale, the executive vice president now owns 148,299 shares of the company's stock, valued at approximately $2,780,606.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.69% of the stock is owned by company insiders.