In yesterday’s Wall Street session, Levi Strauss & Co. (NYSE:LEVI) shares traded at $14.75, up 2.93% from the previous session.
As of this writing, 12 analysts cover Levi Strauss & Co. (NYSE:LEVI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $14.00, we find $15.20. Given the previous closing price of $14.33, this indicates a potential upside of 6.07 percent. LEVI stock price is now 5.58% away from the 50-day moving average and -5.23% away from the 200-day moving average. The market capitalization of the company currently stands at $5.86B.
There are 6 analysts who have given it a hold rating, whereas 6 have given it a buy rating. Brokers who have rated the stock have averaged $16.28 as their price target over the next twelve months.
With the price target reduced from $19 to $17, JP Morgan Downgraded its rating from Overweight to Neutral for Levi Strauss & Co. (NYSE: LEVI).
In other news, JAFFE SETH, EVP & Chief Legal Officer sold 2,938 shares of the company’s stock on May 31. The stock was sold for $39,516 at an average price of $13.45. Upon completion of the transaction, the EVP & Chief Legal Officer now directly owns 173,732 shares in the company, valued at $2.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31, Global Controller Stirling Lisa sold 5,017 shares of the business’s stock. A total of $90,507 was realized by selling the stock at an average price of $18.04. This leaves the insider owning 28,485 shares of the company worth $0.42 million. Insiders disposed of 420,635 shares of company stock worth roughly $6.2 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LEVI stock. A new stake in Levi Strauss & Co. shares was purchased by DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT during the first quarter worth $19,679,000. INTERVAL PARTNERS, LP invested $7,375,000 in shares of LEVI during the first quarter. In the first quarter, REGIS ACQUISITION INC. acquired a new stake in Levi Strauss & Co. valued at approximately $6,368,000. UBS ASSET MANAGEMENT AMERICAS INC acquired a new stake in LEVI for approximately $5,873,000. TWIN TREE MANAGEMENT, LP purchased a new stake in LEVI valued at around $5,439,000 in the second quarter. In total, there are 312 active investors with 82.50% ownership of the company’s stock.
Wednesday morning saw Levi Strauss & Co. (NYSE: LEVI) opened at $14.22. During the past 12 months, Levi Strauss & Co. has had a low of $12.80 and a high of $20.49. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 1.40, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $7.61B, which is based on a 13.56 price-to-earnings ratio, a 2.56 price-to-earnings-growth ratio, and a beta of 1.18. The fifty day moving average price for LEVI is $14.00 and a two-hundred day moving average price translates $15.56 for the stock.
The latest earnings results from Levi Strauss & Co. (NYSE: LEVI) was released for May, 2023. According to the Apparel Manufacturing Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.03 by 0.01. This compares to $0.12 EPS in the same period last year. The net profit margin was 7.10% and return on equity was 22.90% for LEVI. The company reported revenue of $1.34 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.13 percent. For the current quarter, analysts expect LEVI to generate $1.55B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/17/2023. Investors who held shares on 08/04/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 3.25% percent yield. There was an ex-dividend date of 08/03/2023 for this dividend. In terms of dividend payout ratio, LEVI is presently at 43.50%.
Levi Strauss & Co.(LEVI) Company Profile
Levi Strauss & Co. engages in the design, marketing, and sale of apparels and related accessories for men, women, and children in the Americas, Europe, and Asia. It offers jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related products under the Levi’s, Dockers, Beyond Yoga, Signature by Levi Strauss & Co., and Denizen brands. The company also licenses Levi’s and Dockers trademarks for various product categories, including footwear, belts, wallets, bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery. In addition, it sells its products through third-party retailers, such as department stores, specialty retailers, third-party e-commerce sites, and franchisees who operate brand-dedicated stores; and directly to consumers through various formats, including company-operated mainline and outlet stores, company-operated e-commerce sites, and select shop-in-shops located in department stores, and other third-party retail locations. Further, the company operates approximately 3,200 brand-dedicated stores and shop-in-shops. The company was founded in 1853 and is headquartered in San Francisco, California.
