Levi Strauss & Co.’s (LEVI) “Buy” Rating Reiterated at Guggenheim

Guggenheim reiterated their buy rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $23.00 target price on the blue-jean maker’s stock.

Several other equities research analysts also recently issued reports on LEVI. TD Cowen dropped their target price on 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. Morgan Stanley lowered their price target on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday. Barclays started coverage on Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price objective for the company. Finally, Citigroup cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $22.18.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $17.55 on Friday. The firm has a market capitalization of $6.96 billion, a PE ratio of 46.17, a P/E/G ratio of 0.97 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $17.33 and a two-hundred day moving average price of $18.18. Levi Strauss & Co. has a twelve month low of $15.16 and a twelve month high of $24.34.

Insider Buying and Selling

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the sale, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. Brandes Investment Partners LP increased its position in Levi Strauss & Co. by 1.8% during the 2nd quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock valued at $824,000 after purchasing an additional 743 shares during the period. Hunter Perkins Capital Management LLC lifted its position in Levi Strauss & Co. by 3.7% during the third quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock valued at $473,000 after buying an additional 765 shares during the period. KBC Group NV boosted its holdings in shares of Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after buying an additional 892 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. during the 3rd quarter valued at about $27,000. Finally, nVerses Capital LLC grew its holdings in Levi Strauss & Co. by 17.8% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock worth $259,000 after purchasing an additional 1,800 shares during the period. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.