Telsey Advisory Group Boosts Levi Strauss & Co. (NYSE:LEVI) Price Target to $26.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective hoisted by Telsey Advisory Group from $24.00 to $26.00 in a research report report published on Friday, Marketbeat Ratings reports. They currently have an outperform rating on the blue-jean maker’s stock.

A number of other research analysts have also weighed in on LEVI. OTR Global assumed coverage on Levi Strauss & Co. in a report on Friday, June 14th. They set a positive rating on the stock. TD Cowen upped their price objective on Levi Strauss & Co. from $23.00 to $26.00 and gave the company a buy rating in a report on Tuesday. Wells Fargo & Company upped their price objective 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. Morgan Stanley upped their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a report on Friday, April 5th. Finally, UBS Group upped their price objective on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a buy rating in a report on Thursday, April 4th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of Moderate Buy and a consensus target price of $21.11.

Levi Strauss & Co. Stock Down 0.0 %

LEVI stock opened at $23.01 on Friday. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9.16 billion, a PE ratio of 74.23, a PEG ratio of 1.35 and a beta of 1.19. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The business’s 50 day simple moving average is $22.37 and its 200 day simple moving average is $19.09.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 EPS. As a group, research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

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 2.09%. The ex-dividend date was Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 154.84%.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 16,666 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $23.94, for a total transaction of $398,984.04. Following the sale, the director now directly owns 166,676 shares of the company’s stock, valued at approximately $3,990,223.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Bradley J. Haas sold 23,041 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Friedman sold 16,666 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $23.94, for a total value of $398,984.04. Following the sale, the director now owns 166,676 shares of the company’s stock, valued at $3,990,223.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 830,719 shares of company stock valued at $18,426,020. 3.14% of the stock is owned by corporate insiders.

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its position in shares of Levi Strauss & Co. by 1.0% during the 1st quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock worth $1,702,000 after buying an additional 851 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Levi Strauss & Co. by 31.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,502 shares of the blue-jean maker’s stock valued at $350,000 after purchasing an additional 4,202 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Levi Strauss & Co. by 69.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,965 shares of the blue-jean maker’s stock valued at $379,000 after purchasing an additional 7,757 shares during the last quarter. Vanguard Group Inc. raised its position in Levi Strauss & Co. by 2.0% in the first quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock valued at $171,034,000 after purchasing an additional 164,612 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Levi Strauss & Co. by 96.3% in the first quarter. GSA Capital Partners LLP now owns 69,999 shares of the blue-jean maker’s stock valued at $1,399,000 after purchasing an additional 34,347 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

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.