Levi Strauss & Co. (NYSE:LEVI) Receives $22.89 Average PT from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.50.

Several equities research analysts recently issued reports on the stock. TD Cowen decreased their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Barclays initiated coverage on Levi Strauss & Co. in a research note on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 price target for the company. JPMorgan Chase & Co. lifted their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus lowered their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $17.37 on Monday. Levi Strauss & Co. has a twelve month low of $15.10 and a twelve month high of $24.34. 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 stock’s 50-day simple moving average is $17.25 and its 200 day simple moving average is $18.22. The firm has a market capitalization of $6.89 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 8,332 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now directly owns 108,344 shares of the company’s stock, valued at $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock valued at $209,000 after purchasing an additional 2,998 shares during the period. Matrix Trust Co raised its stake in Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares during the period. Franklin Resources Inc. boosted its holdings in 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 worth $26,816,000 after acquiring an additional 20,426 shares in the last quarter. Tidal Investments LLC grew its stake in Levi Strauss & Co. by 11.2% in the third quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock valued at $3,635,000 after acquiring an additional 16,785 shares during the period. Finally, Geode Capital Management LLC grew its stake in Levi Strauss & Co. by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock valued at $24,512,000 after acquiring an additional 20,870 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.