Levi Strauss & Co.’s (LEVI) Outperform Rating Reaffirmed at Telsey Advisory Group

06 Oct 2024, 11:35 by Tristan Rich · The Markets Daily

Telsey Advisory Group reissued their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI – Free Report) in a research report released on Thursday, Benzinga reports. The brokerage currently has a $26.00 price objective on the blue-jean maker’s stock. Telsey Advisory Group also issued estimates for Levi Strauss & Co.’s Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $1.23 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.51 EPS and FY2025 earnings at $1.42 EPS.

LEVI has been the topic of several other reports. TD Cowen lowered their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a buy rating on the stock in a research report on Friday, September 27th. Bank of America raised their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a neutral rating in a report on Thursday, June 27th. Stifel Nicolaus dropped their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a buy rating on the stock in a research report on Thursday. OTR Global initiated coverage on Levi Strauss & Co. in a research report on Friday, June 14th. They issued a positive rating for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a research note on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $22.75.

Read Our Latest Stock Report on LEVI

Levi Strauss & Co. Stock Up 2.0 %

LEVI opened at $19.82 on Thursday. The firm has a market cap of $7.88 billion, a P/E ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.42. The business has a 50 day moving average price of $19.19 and a 200 day moving average price of $20.35. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $24.34.

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

Levi Strauss & Co. Announces Dividend

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

Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total value of $75,946.18. Following the sale, the director now directly owns 158,344 shares in the company, valued at approximately $2,886,611.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the transaction, the director now directly owns 158,344 shares of the company’s stock, valued at approximately $2,886,611.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,334 shares of company stock worth $655,765 over the last quarter. Company insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in LEVI. 272 Capital LP bought a new stake in Levi Strauss & Co. during the second quarter worth about $35,000. Quarry LP acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $56,000. Headlands Technologies LLC acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $135,000. nVerses Capital LLC bought a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $195,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in Levi Strauss & Co. during the 2nd quarter valued at $239,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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