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

Levi Strauss & Co. (NYSE:LEVI) had its price objective lowered by TD Cowen from $26.00 to $25.00 in a report published on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the blue-jean maker’s stock.

Other analysts have also issued reports about the stock. Stifel Nicolaus upped their price target on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a research report on Monday, June 24th. Telsey Advisory Group restated an outperform rating and set a $26.00 target price on shares of Levi Strauss & Co. in a report on Friday. OTR Global initiated coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a positive rating on the stock. Bank of America increased their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a neutral rating in a research note on Thursday, June 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a research note on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Levi Strauss & Co. presently has a consensus rating of Moderate Buy and a consensus price target of $23.25.

Levi Strauss & Co. Trading Up 0.7 %

Shares of LEVI opened at $21.80 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $24.34. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 62.29, a PEG ratio of 1.19 and a beta of 1.14. The firm has a 50 day moving average price of $18.97 and a 200-day moving average price of $20.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.42.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now directly owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 25,002 shares of the 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 completion of the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. The disclosure for this sale can be found here. Insiders have sold a total of 33,334 shares of company stock worth $655,765 over the last quarter. Corporate insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Levi Strauss & Co. by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker’s stock worth $138,794,000 after purchasing an additional 97,043 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Levi Strauss & Co. by 18.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock worth $20,601,000 after buying an additional 196,270 shares during the last quarter. BNP Paribas Financial Markets increased its position in Levi Strauss & Co. by 230.0% during the 1st quarter. BNP Paribas Financial Markets now owns 56,934 shares of the blue-jean maker’s stock valued at $1,138,000 after buying an additional 39,683 shares in the last quarter. Seven Eight Capital LP purchased a new position in Levi Strauss & Co. during the fourth quarter valued at $1,361,000. Finally, Allianz Asset Management GmbH boosted its holdings in Levi Strauss & Co. by 158.3% in the fourth quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock worth $2,564,000 after acquiring an additional 95,000 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.