In yesterday’s Wall Street session, Levi Strauss & Co. (NYSE:LEVI) shares traded at $13.10, down -0.83% from the previous session.
13 analysts cover Levi Strauss & Co. (NYSE:LEVI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $13.00, we find $16.00. Given the previous closing price of $13.21, this indicates a potential upside of 21.12 percent. LEVI stock price is now -5.97% away from the 50-day moving average and -13.64% away from the 200-day moving average. The market capitalization of the company currently stands at $5.20B.
The stock has received a hold rating from 6 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $16.03 as their price target over the next twelve months.
With the price target of $16, TD Cowen recently initiated with Outperform rating 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 $2.28 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 $0.37 million. Insiders disposed of 407,853 shares of company stock worth roughly $5.34 million over the past 1 year. A total of 78.00% 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 BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $10,603,000. TUDOR INVESTMENT CORP ET AL invested $6,829,000 in shares of LEVI during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Levi Strauss & Co. valued at approximately $6,197,000. LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in LEVI for approximately $3,108,000. TWINBEECH CAPITAL LP purchased a new stake in LEVI valued at around $2,932,000 in the second quarter. In total, there are 293 active investors with 19.65% ownership of the company’s stock.
On Friday morning Levi Strauss & Co. (NYSE: LEVI) stock kicked off with the opening price of $13.01. During the past 12 months, Levi Strauss & Co. has had a low of $12.78 and a high of $19.35. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 1.42, and a quick ratio of 0.66. According to the stock market information, the enterprise value for the company is $7.02B, which is based on a 19.19 price-to-earnings ratio, a 3.62 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for LEVI is $13.90 and a two-hundred day moving average price translates $15.15 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 $0.28, beating analysts’ expectations of $0.27 by 0.01. This compares to $0.43 EPS in the same period last year. The net profit margin was 4.46% and return on equity was 14.50% for LEVI. The company reported revenue of $1.51 billion for the quarter, compared to $1.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.41 percent. For the current quarter, analysts expect LEVI to generate $1.7B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/09/2023. Investors who held shares on 10/26/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 3.63% percent yield. There was an ex-dividend date of 10/25/2023 for this dividend. In terms of dividend payout ratio, LEVI is presently at 31.22%.
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.
