Levi Strauss & Co. (NYSE:LEVI) Receives $27.43 Consensus Target Price from Analysts

Levi Strauss & Co. (NYSE:LEVI) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $27.4286.

A number of analysts have recently weighed in on the stock. Barclays increased their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Citigroup boosted their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Telsey Advisory Group upped their price target on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. UBS Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research report on Tuesday, July 28th.

Levi Strauss & Co. Stock Up 0.3%

Shares of NYSE LEVI opened at $20.18 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70. The firm’s fifty day moving average is $22.96 and its 200 day moving average is $22.14. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 1.33 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, equities research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a dividend of $0.16 per share. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is currently 39.51%.

Insider Buying and Selling

In related news, EVP Harmit Singh sold 98,144 shares of Levi Strauss & Co. stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the sale, the executive vice president owned 98,747 shares in the company, valued at $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently modified their holdings of LEVI. The Manufacturers Life Insurance Company boosted its stake in shares of Levi Strauss & Co. by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock valued at $40,834,000 after purchasing an additional 7,827 shares in the last quarter. Engineers Gate Manager LP raised its stake in Levi Strauss & Co. by 74.3% in the second quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock worth $20,152,000 after buying an additional 345,855 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Levi Strauss & Co. in the second quarter worth about $127,000. Nykredit A S purchased a new stake in Levi Strauss & Co. in the second quarter worth about $36,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Levi Strauss & Co. in the second quarter worth about $900,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its Levi’s brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, jackets, footwear, accessories and other casualwear, sold through company-operated stores, digital channels, wholesale partners and distributors.

Founded in 1853 by Levi Strauss, the company is headquartered in San Francisco, California. In addition to Levi’s, its brand portfolio includes Dockers, Beyond Yoga, Signature by Levi Strauss & Co and Denizen.