Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $22.00

Levi Strauss & Co. (NYSE:LEVI) had its price target raised by equities research analysts at Guggenheim from $20.00 to $22.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. Guggenheim’s target price points to a potential upside of 15.46% from the company’s current price.

Other research analysts have also issued research reports about the company. Telsey Advisory Group reduced their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Citigroup reduced their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company reduced their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Morgan Stanley reduced their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $19.06 on Monday. The firm has a market cap of $7.56 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. The business has a 50 day moving average price of $17.58 and a two-hundred day moving average price of $18.17. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Sell-side analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction 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 sale, the director now directly owns 104,178 shares of the company’s stock, valued at $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Aigen Investment Management LP acquired a new stake in shares of Levi Strauss & Co. during the third quarter worth $1,673,000. Charles Schwab Investment Management Inc. raised its position in shares of Levi Strauss & Co. by 16.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker’s stock worth $17,318,000 after purchasing an additional 110,993 shares during the period. XTX Topco Ltd acquired a new position in Levi Strauss & Co. during the third quarter valued at $832,000. GSA Capital Partners LLP raised its position in Levi Strauss & Co. by 81.6% during the third quarter. GSA Capital Partners LLP now owns 117,449 shares of the blue-jean maker’s stock valued at $2,560,000 after buying an additional 52,760 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in Levi Strauss & Co. during the third quarter valued at $1,222,000. 69.14% of the stock is owned by institutional investors and hedge funds.

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.