Levi Strauss & Co. (LEVI) to Release Quarterly Earnings on Wednesday

Levi Strauss & Co. (NYSE:LEVIGet Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 3rd. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share. On average, analysts expect Levi Strauss & Co. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI opened at $19.99 on Monday. The business has a 50-day moving average of $17.82 and a two-hundred day moving average of $15.88. The firm has a market capitalization of $7.96 billion, a PE ratio of 31.73, a P/E/G ratio of 1.27 and a beta of 1.21. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $20.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.75.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Wednesday, February 7th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.40%. Levi Strauss & Co.’s dividend payout ratio is currently 76.19%.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of research analyst reports. UBS Group increased their price objective on shares of Levi Strauss & Co. from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 29th. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Telsey Advisory Group upped their price objective on Levi Strauss & Co. from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. JPMorgan Chase & Co. decreased their target price on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Finally, Wells Fargo & Company dropped their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

Read Our Latest Stock Analysis on Levi Strauss & Co.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 9,462 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $18.01, for a total value of $170,410.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 9,462 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $18.01, for a total value of $170,410.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tracy Layney sold 15,894 shares of Levi Strauss & Co. stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $17.02, for a total transaction of $270,515.88. Following the transaction, the executive vice president now owns 41,468 shares in the company, valued at $705,785.36. The disclosure for this sale can be found here. Insiders have sold a total of 81,916 shares of company stock worth $1,506,291 in the last ninety days. 3.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LEVI. California State Teachers Retirement System boosted its stake in Levi Strauss & Co. by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 84,278 shares of the blue-jean maker’s stock valued at $1,394,000 after purchasing an additional 618 shares during the period. Deutsche Bank AG lifted its holdings in shares of Levi Strauss & Co. by 30.6% during the first quarter. Deutsche Bank AG now owns 3,636 shares of the blue-jean maker’s stock worth $66,000 after buying an additional 851 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of Levi Strauss & Co. by 2.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 34,037 shares of the blue-jean maker’s stock valued at $528,000 after acquiring an additional 941 shares during the period. Credit Suisse AG grew its stake in shares of Levi Strauss & Co. by 0.9% in the second quarter. Credit Suisse AG now owns 118,153 shares of the blue-jean maker’s stock worth $1,928,000 after acquiring an additional 1,080 shares during the last quarter. Finally, LPL Financial LLC increased its position in Levi Strauss & Co. by 2.5% during the first quarter. LPL Financial LLC now owns 48,686 shares of the blue-jean maker’s stock worth $888,000 after acquiring an additional 1,173 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Levi Strauss & Co.

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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

Earnings History for Levi Strauss & Co. (NYSE:LEVI)

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