Levi Strauss & Co. (NYSE:LEVI) PT Lowered to $23.00 at TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its price target cut by equities research analysts at TD Cowen from $25.00 to $23.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the blue-jean maker’s stock. TD Cowen’s target price would suggest a potential upside of 16.04% from the stock’s current price.

LEVI has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America lifted their price target on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. OTR Global started coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating for the company. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Levi Strauss & Co. Trading Up 2.0 %

Shares of LEVI opened at $19.82 on Thursday. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $19.19 and a 200-day simple moving average of $20.34. The stock has a market cap of $7.88 billion, a PE ratio of 56.63, a PEG ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.28 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.25 EPS for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the sale, the director now owns 154,178 shares in the company, valued at $2,952,508.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through 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 shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,334 shares of company stock valued at $655,765 in the last 90 days. Corporate insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. 272 Capital LP bought a new stake in Levi Strauss & Co. during the second quarter valued at approximately $35,000. Quarry LP purchased a new position in shares of Levi Strauss & Co. in the second quarter worth $56,000. Headlands Technologies LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth $135,000. nVerses Capital LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth $195,000. Finally, Susquehanna International Securities Ltd. purchased a new stake in Levi Strauss & Co. during the second quarter valued at $239,000. 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.