Levi Strauss & Co. (NYSE:LEVI) is included among the 15 Dividend Growth Stocks with the Highest Growth Rates.
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Levi Strauss & Co. (NYSE:LEVI) stands among the world’s largest branded apparel companies and is a global leader in denim wear. The company designs and markets jeans, casual clothing, and accessories for men, women, and children under its various brands.
On October 14, BTIG began coverage of Levi Strauss & Co. (NYSE:LEVI) with a Buy rating and a price target of $27.00. In its optimistic outlook, the firm pointed to the enduring strength of the Levi’s brand, stating that “the Levi’s brand has never been stronger.” This confidence is backed by the company’s strong performance, including gross profit margins of 61.38% and revenue growth of 11.22% over the past twelve months.
BTIG also highlighted its trust in the management team’s ability to effectively carry out its corporate strategy, positioning the denim maker for sustained growth. The firm forecasted earnings per share of $1.32 for fiscal year 2025, with an expected rise to $1.48 in fiscal year 2026.
Levi Strauss & Co. (NYSE:LEVI)’s shareholder return also remained strong during the quarter, as it distributed $151 million to investors, up 118% from the same period last year. Dividends for the quarter amounted to $55 million, which makes it one of the best dividend stocks to invest in. The company initiated its dividend policy in 2019 and has raised its payouts every year since then. Currently, it offers a quarterly dividend of $0.14 per share and has a dividend yield of 2.77%, as of October 30.
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