Levi Strauss & Co. (NYSE:LEVI) Stock Has Average Target Price of $26.92

Levi Strauss & Co. (NYSE:LEVI) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $26.92.

A number of analysts have recently issued reports on LEVI shares. Raymond James Financial lowered their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Wells Fargo & Company reduced their price objective on Levi Strauss & Co. from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, October 8th. Barclays decreased their price objective on Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Citigroup lowered their target price on shares of Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 30th. Finally, Jefferies Financial Group dropped their target price on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 1st.

Levi Strauss & Co. Trading Down 0.1%

Levi Strauss & Co. stock opened at $21.83 on Friday. The stock has a fifty day moving average of $20.43 and a 200 day moving average of $21.69. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.12. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. As a group, sell-side analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LEVI. Signaturefd LLC lifted its position in shares of Levi Strauss & Co. by 252.0% during the 3rd quarter. Signaturefd LLC now owns 5,202 shares of the blue-jean maker’s stock valued at $102,000 after acquiring an additional 3,724 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Levi Strauss & Co. by 15.6% during the 3rd quarter. Tectonic Advisors LLC now owns 30,198 shares of the blue-jean maker’s stock worth $595,000 after purchasing an additional 4,068 shares during the last quarter. AMF Tjanstepension AB boosted its stake in shares of Levi Strauss & Co. by 52.4% during the 3rd quarter. AMF Tjanstepension AB now owns 380,241 shares of the blue-jean maker’s stock worth $7,491,000 after purchasing an additional 130,731 shares during the last quarter. Vest Financial LLC purchased a new stake in shares of Levi Strauss & Co. during the third quarter worth about $1,875,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Levi Strauss & Co. by 479.9% during the third quarter. Nisa Investment Advisors LLC now owns 4,042 shares of the blue-jean maker’s stock worth $80,000 after buying an additional 3,345 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

About Levi Strauss & Co.

Levi Strauss & Co (NYSE: LEVI) is an apparel company best known for its Levi’s brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company’s brands include Levi’s, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.