Levi Strauss & Co. (NYSE:LEVI) PT Lowered to $25.00

Levi Strauss & Co. (NYSE:LEVI) had its price target lowered by investment analysts at Stifel Nicolaus from $28.00 to $25.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 26.14% from the company’s previous close.

LEVI has been the topic of several other research reports. Bank of America increased their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. reduced their price objective on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. TD Cowen lowered their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, September 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a research note on Friday, September 27th. Finally, OTR Global assumed coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They set a “positive” rating for the company. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $22.75.

Levi Strauss & Co. Trading Up 2.0 %

Shares of NYSE LEVI opened at $19.82 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average price is $19.19 and its two-hundred day moving average price is $20.34. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $24.34. The stock has a market capitalization of $7.88 billion, a P/E ratio of 56.63, a PEG ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $0.28 EPS. The business’s revenue was up .4% compared to the same quarter last year. On average, analysts anticipate that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now owns 229,176 shares of the company’s stock, valued at $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now directly owns 158,344 shares of the company’s stock, valued at $2,886,611.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,334 shares of company stock valued at $655,765. Company insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new position in Levi Strauss & Co. in the 2nd quarter worth about $8,552,000. Brandes Investment Partners LP boosted its holdings in shares of Levi Strauss & Co. by 1.8% in the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock worth $824,000 after buying an additional 743 shares during the period. Quarry LP purchased a new position in shares of Levi Strauss & Co. in the second quarter worth approximately $56,000. Susquehanna International Securities Ltd. acquired a new stake in shares of Levi Strauss & Co. during the second quarter valued at approximately $239,000. Finally, Scientech Research LLC purchased a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $361,000. 69.14% of the stock is owned by institutional investors and hedge funds.

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.