Levi Strauss & Co. (NYSE:LEVI) Posts Earnings Results

Levi Strauss & Co. (NYSE:LEVI) issued its quarterly earnings results on Monday. The blue-jean maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.10, Briefing.com reports. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Levi Strauss & Co. updated its FY25 guidance to $1.20-1.25 EPS and its FY 2025 guidance to 1.200-1.250 EPS.

Levi Strauss & Co. Stock Performance

NYSE LEVI traded down $0.39 on Monday, hitting $13.51. 6,138,109 shares of the stock traded hands, compared to its average volume of 2,089,079. Levi Strauss & Co. has a 12 month low of $12.86 and a 12 month high of $24.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The business’s fifty day moving average is $17.20 and its two-hundred day moving average is $17.68. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were issued a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.85%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 100.00%.

Analyst Upgrades and Downgrades

LEVI has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday. Guggenheim upped their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. UBS Group decreased their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average price target of $20.82.

Insider Buying and Selling

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the transaction, the director now directly owns 100,012 shares in the company, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.25% of the stock is currently owned by insiders.

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.