Levi Strauss & Co. (NYSE:LEVI) Given New $22.00 Price Target at Barclays

Levi Strauss & Co. (NYSE:LEVI) had its target price lowered by analysts at Barclays from $24.00 to $22.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the blue-jean maker’s stock. Barclays‘s target price points to a potential upside of 21.49% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company dropped their price objective on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a research report on Friday, January 24th. Stifel Nicolaus reduced their price objective on 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. Morgan Stanley lowered their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. cut their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.36.

Levi Strauss & Co. Trading Down 1.4 %

Shares of LEVI stock opened at $18.11 on Thursday. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34. The company has a market cap of $7.18 billion, a PE ratio of 47.65, a price-to-earnings-growth 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 business’s 50 day moving average is $17.46 and its two-hundred day moving average is $18.17.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. Equities analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current year.

Insider Activity at Levi Strauss & Co.

In other 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 value of $74,988.00. Following the sale, the director now owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Levi Strauss & Co. by 44.6% in the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after buying an additional 2,907,099 shares in the last quarter. Millennium Management LLC raised its stake in shares of 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Levi Strauss & Co. by 59.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock worth $33,907,000 after purchasing an additional 579,460 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Levi Strauss & Co. by 119.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock valued at $26,858,000 after purchasing an additional 840,251 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Levi Strauss & Co. by 1.7% in the third quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker’s stock valued at $26,816,000 after purchasing an additional 20,426 shares in the last quarter. 69.14% of the stock is currently 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.