Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $22.00 by Analysts at Barclays

Levi Strauss & Co. (NYSE:LEVI) had its price target decreased by Barclays from $24.00 to $22.00 in a report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the blue-jean maker’s stock.

Other equities analysts have also issued reports about the company. Stifel Nicolaus decreased their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Guggenheim reaffirmed a “buy” rating and set a $23.00 target price on shares of Levi Strauss & Co. in a research note on Friday, January 24th. Morgan Stanley dropped their price target on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, TD Cowen dropped their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.36.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $19.01 on Thursday. Levi Strauss & Co. has a one year low of $15.62 and a one year high of $24.34. The stock’s fifty day moving average is $17.52 and its 200-day moving average is $18.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 26.00%. Equities analysts anticipate that Levi Strauss & Co. will post 1.36 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio (DPR) is 100.00%.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the transaction, the director now directly owns 104,178 shares of the company’s stock, valued at $1,875,204. This represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several large investors have recently made changes to their positions in LEVI. Asset Management One Co. Ltd. bought a new position in Levi Strauss & Co. during the third quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Levi Strauss & Co. during the 4th quarter valued at about $39,000. Quarry LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $56,000. Matrix Trust Co lifted its holdings in Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Levi Strauss & Co. during the fourth quarter worth approximately $105,000. Institutional investors own 69.14% of the company’s stock.

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.