Levi Strauss & Co. (NYSE:LEVI) Given Average Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Levi Strauss & Co. (NYSE:LEVI – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.3846.

Several equities analysts recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday. Morgan Stanley lifted their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Zacks Research lowered Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Finally, BTIG Research assumed coverage on Levi Strauss & Co. in a research note on Tuesday, October 14th. They issued a “buy” rating and a $27.00 price target on the stock.

Get Our Latest Report on LEVI

Levi Strauss & Co. Stock Up 0.4%

LEVI opened at $20.82 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.14 billion, a P/E ratio of 13.69, a PEG ratio of 1.39 and a beta of 1.34. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82. The business’s fifty day simple moving average is $21.20 and its 200 day simple moving average is $21.15.

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, equities research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 4th. Investors of record on Monday, October 20th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 36.84%.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently bought and sold shares of the stock. Oberweis Asset Management Inc. purchased a new stake in shares of Levi Strauss & Co. during the 3rd quarter valued at $21,052,000. Caxton Associates LLP acquired a new position in Levi Strauss & Co. in the third quarter valued at $241,000. PDT Partners LLC grew its position in Levi Strauss & Co. by 20.8% during the third quarter. PDT Partners LLC now owns 337,375 shares of the blue-jean maker’s stock valued at $7,861,000 after acquiring an additional 58,141 shares during the period. Prosperity Wealth Management Inc. purchased a new stake in Levi Strauss & Co. during the third quarter valued at about $442,000. Finally, Qube Research & Technologies Ltd increased its stake in Levi Strauss & Co. by 27.9% during the third quarter. Qube Research & Technologies Ltd now owns 1,909,810 shares of the blue-jean maker’s stock worth $44,499,000 after acquiring an additional 416,555 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

(Get Free Report)

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.

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