Levi Strauss & said on April 6, 2023 that its board of directors declared a regular
quarterly dividend of $0.12 per share ($0.48 annualized).
Previously, the company paid $0.12 per share.
Shares must be purchased before the ex-div date of May 3, 2023 to qualify for the dividend.
Shareholders of record as of May 4, 2023
will receive the payment on May 18, 2023.
At the current share price of $15.14 / share,
the stock’s dividend yield is 3.17%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.89%,
the lowest has been 0.62%,
and the highest has been 3.36%.
The standard deviation of yields is 0.77 (n=137).
The current dividend yield is
1.67 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.39.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.50%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 386 funds or institutions reporting positions in Levi Strauss &.
This is an increase
of
3
owner(s) or 0.78% in the last quarter.
Average portfolio weight of all funds dedicated to LEVI is 0.17%,
a decrease
of 15.05%.
Total shares owned by institutions increased
in the last three months by 1.66% to 101,420K shares.
The put/call ratio of LEVI is 0.52, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 30.45% Upside
As of April 6, 2023,
the average one-year price target for Levi Strauss & is $19.75.
The forecasts range from a low of $16.16 to a high of $25.20.
The average price target represents an increase of 30.45% from its latest reported closing price of $15.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Levi Strauss &
is $6,475MM, an increase of 3.34%.
The projected annual non-GAAP EPS
is $1.44.
What are Other Shareholders Doing?
Sei Investments
holds 149K shares
representing 0.04% ownership of the company.
No change in the last quarter.
Cedar Mountain Advisors
holds 0K shares
representing 0.00% ownership of the company.
Montag A & Associates
holds 2K shares
representing 0.00% ownership of the company.
No change in the last quarter.
Intrepid Capital Management
holds 100K shares
representing 0.03% ownership of the company.
In it’s prior filing, the firm reported owning 106K shares, representing
a decrease
of 6.44%.
The firm
increased
its portfolio allocation in LEVI by 6.97% over the last quarter.
Kessler Investment Group
holds 5K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 5K shares, representing
a decrease
of 3.08%.
The firm
increased
its portfolio allocation in LEVI by 33.24% over the last quarter.
Levi Strauss & Background Information
(This description is provided by the company.)
Levi Strauss & Co. is one of the world’s largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,100 retail stores and shop-in-shops. Levi Strauss & Co.’s reported 2020 net revenues were $4,453 million.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
