Levi Strauss & Co. (NYSE:LEVI) Reaches New 52-Week Low – Here’s Why

Levi Strauss & Co. (NYSE:LEVI)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $14.56 and last traded at $14.57, with a volume of 1053813 shares traded. The stock had previously closed at $16.73.

Analysts Set New Price Targets

LEVI has been the subject of a number of recent research reports. UBS Group cut 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 objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Guggenheim lifted their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday. Finally, Citigroup decreased their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Levi Strauss & Co. Trading Down 3.1 %

The business has a 50 day simple moving average of $17.20 and a 200 day simple moving average of $17.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.72%. The ex-dividend date was Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently bought and sold shares of the business. KBC Group NV raised its holdings in Levi Strauss & Co. by 0.8% in the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock worth $1,980,000 after purchasing an additional 892 shares during the period. LPL Financial LLC grew its holdings in shares of Levi Strauss & Co. by 2.4% in the 4th quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker’s stock valued at $937,000 after buying an additional 1,283 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 4th quarter valued at $39,000. Deutsche Bank AG raised its stake in Levi Strauss & Co. by 67.5% during the 4th quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker’s stock worth $105,000 after buying an additional 2,454 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock worth $209,000 after acquiring an additional 2,998 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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.