Levi Strauss & Co. (NYSE:LEVI) Coverage Initiated by Analysts at Barclays

Barclays initiated coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report released on Wednesday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $24.00 price objective on the blue-jean maker’s stock.

A number of other equities analysts have also recently issued reports on LEVI. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. TD Cowen cut their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus decreased their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.89.

Levi Strauss & Co. Stock Up 1.3 %

Shares of NYSE:LEVI opened at $17.90 on Wednesday. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a market capitalization of $7.10 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The company has a fifty day moving average of $17.16 and a 200-day moving average of $18.40.

Insider Activity

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the transaction, the director now owns 104,178 shares in the company, valued at $1,875,204. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of Levi Strauss & Co. by 44.6% during the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after purchasing an additional 2,907,099 shares in the last quarter. Millennium Management LLC boosted its holdings in Levi Strauss & Co. by 2,083.0% in the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after acquiring an additional 1,835,107 shares in the last quarter. American Century Companies Inc. boosted its holdings in Levi Strauss & Co. by 2,070.8% in the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after acquiring an additional 1,365,574 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Levi Strauss & Co. by 6,794.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock valued at $24,001,000 after acquiring an additional 1,226,818 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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.