Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $26.00

Levi Strauss & Co. (NYSE:LEVIFree Report) had its target price hoisted by Telsey Advisory Group from $24.00 to $26.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have an outperform rating on the blue-jean maker’s stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $1.27 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $1.45 EPS.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the stock a neutral rating in a research report on Monday, April 8th. UBS Group upped their price target on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a buy rating in a research report on Thursday, April 4th. Stifel Nicolaus raised their price objective on Levi Strauss & Co. from $17.00 to $24.00 and gave the company a buy rating in a research report on Thursday, April 4th. TD Cowen upped their target price on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a buy rating in a research report on Tuesday, June 18th. Finally, Wells Fargo & Company raised their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. has an average rating of Moderate Buy and an average target price of $21.11.

Check Out Our Latest Report on LEVI

Levi Strauss & Co. Stock Down 0.0 %

Shares of LEVI opened at $23.01 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $24.34. The company’s fifty day moving average is $22.37 and its two-hundred day moving average is $19.14. The firm has a market cap of $9.16 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. Analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.09%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 154.84%.

Insider Buying and Selling at Levi Strauss & Co.

In other news, major shareholder Bradley J. Haas sold 23,041 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.01, for a total value of $461,050.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.01, for a total value of $461,050.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Friedman sold 16,666 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $23.94, for a total value of $398,984.04. Following the sale, the director now directly owns 166,676 shares in the company, valued at $3,990,223.44. The disclosure for this sale can be found here. Insiders have sold 830,719 shares of company stock worth $18,426,020 in the last ninety days. 3.14% of the stock is owned by insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently modified their holdings of LEVI. Wellington Management Group LLP grew its stake in Levi Strauss & Co. by 7.6% during the 3rd quarter. Wellington Management Group LLP now owns 8,626,322 shares of the blue-jean maker’s stock worth $117,145,000 after buying an additional 610,838 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Levi Strauss & Co. by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock worth $171,034,000 after acquiring an additional 164,612 shares during the period. Capital Research Global Investors lifted its position in Levi Strauss & Co. by 17.8% in the 4th quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock valued at $109,584,000 after purchasing an additional 1,000,000 shares during the last quarter. FMR LLC boosted its stake in Levi Strauss & Co. by 1.8% during the 3rd quarter. FMR LLC now owns 5,913,865 shares of the blue-jean maker’s stock valued at $80,310,000 after purchasing an additional 105,924 shares during the period. Finally, Ceredex Value Advisors LLC bought a new position in Levi Strauss & Co. in the 4th quarter worth about $24,325,000. Institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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

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