Levi Strauss & Co. (NYSE:LEVI) Coverage Initiated by Analysts at OTR Global

OTR Global assumed coverage on shares of Levi Strauss & Co. (NYSE:LEVIFree Report) in a report released on Friday, MarketBeat reports. The brokerage issued a positive rating on the blue-jean maker’s stock.

A number of other equities research analysts have also recently commented on the company. UBS Group increased their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a buy rating in a research note on Thursday, April 4th. Wells Fargo & Company increased their price target on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a research note on Thursday, April 4th. Telsey Advisory Group increased their price target on Levi Strauss & Co. from $22.00 to $24.00 and gave the company an outperform rating in a research note on Thursday, April 4th. Morgan Stanley increased their price target on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an equal weight rating in a research note on Friday, April 5th. Finally, TD Cowen increased their price target on Levi Strauss & Co. from $19.00 to $23.00 and gave the company a buy rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $20.56.

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Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $23.48 on Friday. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The stock’s 50-day moving average is $22.10 and its 200 day moving average is $18.92. The company has a market cap of $9.35 billion, a P/E ratio of 75.74, a PEG ratio of 1.31 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. Research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Investors of record on Thursday, May 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total transaction of $708,300.00. Following the completion of the transaction, the director now directly owns 179,430 shares in the company, valued at $3,588,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 10,422 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $20.00, for a total value of $208,440.00. Following the sale, the director now directly owns 169,008 shares of the company’s stock, valued at $3,380,160. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Friedman sold 35,415 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.00, for a total value of $708,300.00. Following the completion of the sale, the director now directly owns 179,430 shares in the company, valued at $3,588,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 830,719 shares of company stock worth $18,426,020. 3.14% of the stock is owned by corporate insiders.

Institutional Trading of Levi Strauss & Co.

Several institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Levi Strauss & Co. by 7.6% in the third quarter. Wellington Management Group LLP now owns 8,626,322 shares of the blue-jean maker’s stock worth $117,145,000 after acquiring an additional 610,838 shares during the last quarter. Vanguard Group Inc. raised its position in Levi Strauss & Co. by 2.0% in the first quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock valued at $171,034,000 after purchasing an additional 164,612 shares during the period. Capital Research Global Investors raised its position in Levi Strauss & Co. by 17.8% in the fourth 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. FMR LLC raised its position in Levi Strauss & Co. by 1.8% in the third quarter. FMR LLC now owns 5,913,865 shares of the blue-jean maker’s stock valued at $80,310,000 after purchasing an additional 105,924 shares during the period. Finally, Ceredex Value Advisors LLC purchased a new stake in Levi Strauss & Co. in the fourth quarter valued at $24,325,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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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.

Further Reading

Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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