Stifel Nicolaus Trims Levi Strauss & Co. (NYSE:LEVI) Target Price to $25.00

Levi Strauss & Co. (NYSE:LEVI) had its price target decreased by Stifel Nicolaus from $28.00 to $25.00 in a report released on Thursday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the blue-jean maker’s stock.

A number of other equities research analysts have also weighed in on the company. OTR Global started coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a positive rating for the company. JPMorgan Chase & Co. dropped their price objective on Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating for the company in a research note on Thursday, June 27th. Bank of America lifted their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a neutral rating in a research note on Thursday, June 27th. TD Cowen dropped their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a buy rating for the company in a research report on Friday, September 27th. Finally, Telsey Advisory Group restated an outperform rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Friday, September 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $22.75.

Levi Strauss & Co. Stock Up 2.0 %

Shares of LEVI opened at $19.82 on Thursday. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.42 and a quick ratio of 0.77. The stock has a 50 day simple moving average of $19.19 and a two-hundred day simple moving average of $20.35. The firm has a market cap of $7.88 billion, a P/E ratio of 56.63, a P/E/G ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. On average, analysts forecast that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is currently 148.57%.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the transaction, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the sale, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Friedman sold 4,166 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,334 shares of company stock valued at $655,765. 3.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds have recently bought and sold shares of the business. Allianz Asset Management GmbH lifted its holdings in shares of Levi Strauss & Co. by 158.3% during the fourth quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock valued at $2,564,000 after purchasing an additional 95,000 shares during the last quarter. KBC Group NV boosted its holdings in Levi Strauss & Co. by 1.8% in the fourth quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock worth $1,832,000 after acquiring an additional 1,917 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Levi Strauss & Co. by 17.8% in the fourth quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock worth $109,584,000 after acquiring an additional 1,000,000 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth $1,361,000. Finally, Bragg Financial Advisors Inc increased its holdings in shares of Levi Strauss & Co. by 44.6% during the fourth quarter. Bragg Financial Advisors Inc now owns 526,334 shares of the blue-jean maker’s stock valued at $8,706,000 after acquiring an additional 162,423 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.