Levi Strauss & Co. (NYSE:LEVI) Receives $33.83 Average Price Target from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have been given a consensus recommendation of “Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $33.83.

LEVI has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Levi Strauss & Co. from a “c” rating to a “b-” rating in a research note on Monday, November 15th. Stifel Nicolaus initiated coverage on shares of Levi Strauss & Co. in a research note on Monday, August 2nd. They set a “buy” rating and a $38.00 target price on the stock. Finally, Wells Fargo & Company initiated coverage on shares of Levi Strauss & Co. in a research note on Monday, August 30th. They set an “overweight” rating and a $31.00 target price on the stock.

Shares of NYSE:LEVI traded up $0.26 during trading on Friday, hitting $28.19. The company’s stock had a trading volume of 1,229,059 shares, compared to its average volume of 1,738,965. Levi Strauss & Co. has a 12 month low of $18.32 and a 12 month high of $30.84. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 25.17 and a beta of 1.14. The company has a 50-day moving average of $26.07 and a 200-day moving average of $26.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.83 and a quick ratio of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Tuesday, October 5th. The blue-jean maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Levi Strauss & Co. had a net margin of 8.37% and a return on equity of 35.65%. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the business earned $0.08 EPS. The firm’s revenue was up 40.9% compared to the same quarter last year. As a group, research analysts anticipate that Levi Strauss & Co. will post 1.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Stockholders of record on Friday, October 29th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, October 28th. Levi Strauss & Co.’s payout ratio is currently 28.57%.

In other Levi Strauss & Co. news, EVP Seth Jaffe sold 39,830 shares of Levi Strauss & Co. stock in a transaction on Wednesday, October 6th. The shares were sold at an average price of $24.43, for a total transaction of $973,046.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Friedman sold 25,000 shares of Levi Strauss & Co. stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $26.40, for a total transaction of $660,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 199,484 shares of company stock worth $5,156,608. Company insiders own 5.77% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Levi Strauss & Co. by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 155,638 shares of the blue-jean maker’s stock valued at $3,815,000 after purchasing an additional 4,398 shares during the period. Centiva Capital LP bought a new stake in shares of Levi Strauss & Co. in the third quarter valued at about $654,000. ArrowMark Colorado Holdings LLC raised its holdings in shares of Levi Strauss & Co. by 1,193.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 108,381 shares of the blue-jean maker’s stock valued at $2,656,000 after acquiring an additional 100,000 shares in the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Levi Strauss & Co. by 215.0% in the third quarter. Schonfeld Strategic Advisors LLC now owns 80,000 shares of the blue-jean maker’s stock valued at $1,961,000 after acquiring an additional 54,600 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of Levi Strauss & Co. by 905.7% in the third quarter. BNP Paribas Arbitrage SA now owns 17,207 shares of the blue-jean maker’s stock valued at $422,000 after acquiring an additional 15,496 shares in the last quarter. 18.19% 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.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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