Levi Strauss & Co. (NYSE:LEVI) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note issued to investors on Wednesday, Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the blue-jean maker’s stock.

Several other brokerages have also recently weighed in on LEVI. TD Cowen reduced their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Bank of America raised their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. boosted their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus cut their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.75.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $18.74 on Wednesday. The firm has a market cap of $7.45 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 52 week low of $13.22 and a 52 week high of $24.34. The business’s fifty day simple moving average is $19.39 and its 200-day simple moving average is $20.36.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 earnings per share. Equities analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is 148.57%.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now owns 229,176 shares in the company, valued at $4,583,520. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now owns 154,178 shares in the company, valued at $2,952,508.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,334 shares of company stock valued at $655,765. 3.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently modified their holdings of LEVI. Millennium Management LLC boosted its position in Levi Strauss & Co. by 2,083.0% during the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after purchasing an additional 1,835,107 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after buying an additional 1,365,574 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Levi Strauss & Co. by 6,794.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock worth $24,001,000 after buying an additional 1,226,818 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock worth $82,409,000 after buying an additional 756,926 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at about $8,552,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.