Morgan Stanley has maintained an Equal-Weight recommendation for Levi Strauss & Co . Cls A (NYSE:LEVI), suggesting a potential upside of 17.76% with a one-year price target of $16.75, from the current price of $14.22. The denim giant's projected annual revenue is expected to reach $6,475MM, marking a 5.71% increase.
The company's non-GAAP EPS stands at 1.44, and it recently declared a quarterly dividend of $0.12 per share ($0.48 annualized), yielding 3.38%. This dividend yield surpasses its historical average, with a payout ratio of 0.70, indicating that 70% of income is returned to shareholders as dividends.
Investors continue to show confidence in Levi Strauss, with notable stakeholders such as Wellington Management Group Llp and Macquarie Group (OTC:MQBKY) increasing their holdings by 3.58% and 2.45% respectively. Other significant shareholders include VEXPX - VANGUARD EXPLORER FUND Investor Shares, Capital Research Global Investors, and SMCWX - SMALLCAP WORLD FUND INC.
Reflecting on the company's past performance, in 2020, Levi Strauss reported net revenues of $4,453 million. The current put/call ratio of LEVI stands at 0.52, indicating a bullish market sentiment towards the company.
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