Levi Strauss & Co. (NYSE:LEVI) PT Lowered to $23.00

Levi Strauss & Co. (NYSE:LEVI) had its target price decreased by TD Cowen from $25.00 to $23.00 in a research note published on Thursday morning, Benzinga reports. TD Cowen currently has a buy rating on the blue-jean maker’s stock.

Several other equities analysts also recently commented on LEVI. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a neutral rating in a report on Thursday. Bank of America raised their price objective 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. Stifel Nicolaus lowered their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a buy rating on the stock in a research note on Thursday. OTR Global started coverage on shares of Levi Strauss & Co. in a research note on Friday, June 14th. They issued a positive rating on the stock. Finally, Telsey Advisory Group restated an outperform rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $22.75.

Levi Strauss & Co. Trading Up 2.0 %

Shares of LEVI stock opened at $19.82 on Thursday. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $24.34. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $19.19 and its two-hundred day moving average is $20.37. The company has a market cap of $7.88 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts predict 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. Shareholders of record on Tuesday, October 29th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. Levi Strauss & Co.’s dividend payout ratio is currently 148.57%.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. 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 of the company’s stock, valued at approximately $4,583,520. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Tuesday, September 3rd. The shares were 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 directly owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,334 shares of company stock worth $655,765 over the last 90 days. Corporate insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Levi Strauss & Co. by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock worth $171,034,000 after purchasing an additional 164,612 shares during the last quarter. Capital Research Global Investors grew its position in shares of Levi Strauss & Co. by 17.8% in the 4th quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock valued at $109,584,000 after purchasing an additional 1,000,000 shares during the period. Marshall Wace LLP lifted its stake in Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Millennium Management LLC lifted its stake in Levi Strauss & Co. by 2,083.0% in the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after acquiring an additional 1,835,107 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Levi Strauss & Co. by 2,070.8% in the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock valued at $27,600,000 after acquiring an additional 1,365,574 shares in the last quarter. 69.14% of the stock is owned by institutional investors.

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.