Brokerages Set Levi Strauss & Co. (NYSE:LEVI) Target Price at $26.79

Levi Strauss & Co. (NYSE:LEVI) has received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $26.7857.

Several research firms have issued reports on LEVI. BTIG Research restated a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Raymond James Financial restated an “outperform” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the transaction, the insider directly owned 145,662 shares in the company, valued at approximately $3,497,344.62. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karyn Hillman sold 38,938 shares of Levi Strauss & Co. stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $22.91, for a total transaction of $892,069.58. Following the transaction, the executive vice president owned 91,522 shares in the company, valued at approximately $2,096,769.02. The trade was a 29.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,468,570 shares of company stock valued at $34,136,152 in the last 90 days. 1.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 810 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Levi Strauss & Co. during the 4th quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its position in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Levi Strauss & Co. during the 4th quarter worth approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Trading Up 0.4%

Levi Strauss & Co. stock opened at $24.63 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $24.93. The firm’s 50 day moving average price is $22.76 and its two-hundred day moving average price is $21.46.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts predict that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a $0.14 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a yield of 2.3%. Levi Strauss & Co.’s payout ratio is 35.67%.

Levi Strauss & Co. Company Profile

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.