Levi Strauss & Co. (NYSE:LEVI) Receives $26.42 Average Price Target from Brokerages

Levi Strauss & Co. (NYSE:LEVI) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.4167.

Several research firms have recently issued reports on LEVI. Morgan Stanley boosted their price target on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Bank of America boosted their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. BTIG Research began coverage on Levi Strauss & Co. in a research report on Tuesday, October 14th. They set a “buy” rating and a $27.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Friday, October 10th. Finally, Barclays increased their price objective on Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 26th.

Insider Buying and Selling

In related news, major shareholder Margaret E. Haas sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The disclosure for this sale is available in the SEC filing. 1.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE increased its stake in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Hara Capital LLC increased its position in shares of Levi Strauss & Co. by 8,080.0% in the second quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock worth $38,000 after purchasing an additional 2,020 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after purchasing an additional 1,879 shares in the last quarter. Finally, First Command Advisory Services Inc. bought a new stake in Levi Strauss & Co. during the second quarter valued at approximately $71,000. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Up 0.3%

LEVI stock opened at $22.26 on Thursday. The stock has a fifty day moving average of $21.65 and a 200-day moving average of $20.62. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 14.65, a PEG ratio of 1.51 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 EPS. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, October 20th. Levi Strauss & Co.’s dividend payout ratio is presently 36.84%.

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.