Telsey Advisory Group Has Lowered Expectations for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI) had its target price trimmed by Telsey Advisory Group from $26.00 to $23.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the blue-jean maker’s stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q1 2025 earnings at $0.28 EPS, Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.41 EPS.

LEVI has been the topic of a number of other research reports. Morgan Stanley dropped their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Barclays reduced their price target on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday. Wells Fargo & Company reduced their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday. JPMorgan Chase & Co. dropped their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, TD Cowen lowered their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.36.

Levi Strauss & Co. Stock Up 1.1 %

Shares of NYSE:LEVI opened at $19.06 on Thursday. The firm has a 50 day simple moving average of $17.58 and a 200-day simple moving average of $18.17. Levi Strauss & Co. has a twelve month low of $15.62 and a twelve month high of $24.34. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $7.56 billion, a PE ratio of 36.64, a P/E/G ratio of 1.22 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 26.00%. On average, equities analysts predict that Levi Strauss & Co. will post 1.36 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.73%. Levi Strauss & Co.’s payout ratio is currently 100.00%.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the sale, the director now owns 104,178 shares in the company, valued at $1,875,204. This represents a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Valmark Advisers Inc. purchased a new position in shares of Levi Strauss & Co. in the fourth quarter valued at $325,000. Manchester Capital Management LLC acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at about $115,000. Figure 8 Investment Strategies LLC purchased a new position in Levi Strauss & Co. during the 4th quarter valued at about $879,000. Allspring Global Investments Holdings LLC raised its position in Levi Strauss & Co. by 119.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock worth $26,858,000 after acquiring an additional 840,251 shares during the last quarter. Finally, Thompson Investment Management Inc. raised its position in Levi Strauss & Co. by 113.8% during the fourth quarter. Thompson Investment Management Inc. now owns 34,200 shares of the blue-jean maker’s stock worth $592,000 after acquiring an additional 18,200 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.