Levi Strauss & Co. (NYSE:LEVI) Posts Quarterly Earnings Results

Levi Strauss & Co. (NYSE:LEVI) issued its earnings results on Monday. The blue-jean maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10, Briefing.com reports. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share. Levi Strauss & Co. updated its FY25 guidance to $1.20-1.25 EPS and its FY 2025 guidance to 1.200-1.250 EPS.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock traded down $0.39 on Monday, reaching $13.51. 6,138,109 shares of the stock were exchanged, compared to its average volume of 2,089,079. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a one year low of $12.86 and a one year high of $24.34. The firm has a market cap of $5.35 billion, a PE ratio of 25.97, a P/E/G ratio of 1.92 and a beta of 1.07. The firm’s 50 day moving average is $17.20 and its 200-day moving average is $17.68.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.85%. The ex-dividend date was Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. UBS Group reduced their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Morgan Stanley dropped their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. reduced their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Citigroup decreased their price objective on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.82.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the transaction, the director now directly owns 100,012 shares in the company, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.25% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.