Levi Strauss & Co. (LEVI) Expected to Announce Quarterly Earnings on Thursday

Levi Strauss & Co. (NYSE:LEVI) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.48 per share and revenue of $1,728,391.56 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Levi Strauss & Co. Stock Down 1.2 %

Shares of LEVI opened at $17.37 on Tuesday. The firm has a fifty day moving average price of $17.26 and a 200-day moving average price of $18.21. 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 firm has a market capitalization of $6.89 billion, a P/E ratio of 45.70, a P/E/G ratio of 0.97 and a beta of 1.16. Levi Strauss & Co. has a 12-month low of $15.10 and a 12-month high of $24.34.

Analysts Set New Price Targets

Several research firms have issued reports on LEVI. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. TD Cowen lowered their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Barclays began coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 target price for the company. 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. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Insiders Place Their Bets

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