Levi Strauss & Co. (NYSE:LEVI) PT Raised to $28.00

Levi Strauss & Co. (NYSE:LEVI) had its price target increased by Stifel Nicolaus from $24.00 to $28.00 in a research report report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the blue-jean maker’s stock.

A number of other analysts also recently commented on LEVI. 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 note on Tuesday, June 18th. Morgan Stanley lifted their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a report on Friday, April 5th. Wells Fargo & Company increased their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an equal weight rating in a report on Thursday, April 4th. UBS Group raised their price target on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a buy rating in a research report on Thursday, April 4th. Finally, 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 note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $22.33.

Levi Strauss & Co. Trading Down 15.3 %

Shares of NYSE:LEVI opened at $19.59 on Monday. 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. has a 52-week low of $12.41 and a 52-week high of $24.34. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 1.31 and a beta of 1.19. The business has a 50-day moving average price of $22.52 and a 200-day moving average price of $19.28.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. Levi Strauss & Co.’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $0.04 EPS. Equities analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Insider Activity

In other Levi Strauss & Co. news, EVP Harmit J. Singh sold 346,555 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $22.21, for a total value of $7,696,986.55. Following the completion of the sale, the executive vice president now directly owns 525,337 shares of the company’s stock, valued at approximately $11,667,734.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Harmit J. Singh sold 346,555 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the sale, the executive vice president now owns 525,337 shares of the company’s stock, valued at approximately $11,667,734.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder E. Haas Jr. Family Fund Peter sold 102,418 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $22.33, for a total value of $2,286,993.94. The disclosure for this sale can be found here. Insiders sold 772,263 shares of company stock worth $17,256,670 over the last ninety days. Corporate insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently bought and sold shares of LEVI. China Universal Asset Management Co. Ltd. purchased a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $215,000. Guyasuta Investment Advisors Inc. acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $223,000. Isthmus Partners LLC purchased a new position in Levi Strauss & Co. in the fourth quarter valued at $270,000. BTC Capital Management Inc. acquired a new position in Levi Strauss & Co. during the 1st quarter worth $294,000. Finally, Strategic Advisors LLC increased its holdings in Levi Strauss & Co. by 7.0% during the 4th quarter. Strategic Advisors LLC now owns 19,900 shares of the blue-jean maker’s stock worth $329,000 after purchasing an additional 1,300 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.