Levi Strauss & Co. (NYSE:LEVI) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note issued to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price objective on the blue-jean maker’s stock.

A number of other research firms also recently commented on LEVI. TD Cowen dropped their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus dropped their price target 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. Barclays started coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 price objective on the stock. Citigroup decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley cut their price target on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.30.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $17.61 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. Levi Strauss & Co. has a one year low of $15.16 and a one year high of $24.34. The company has a 50 day moving average price of $17.29 and a 200 day moving average price of $18.20.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the sale, the director now owns 104,178 shares of the company’s stock, valued at $1,875,204. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.14% of the stock is owned by company insiders.

Institutional Trading of Levi Strauss & Co.

Several large investors have recently modified their holdings of the business. FMR LLC lifted 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 worth $205,356,000 after acquiring an additional 2,907,099 shares in the last quarter. Millennium Management LLC increased its holdings in Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after purchasing an additional 1,835,107 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Levi Strauss & Co. by 6,794.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock valued at $24,001,000 after purchasing an additional 1,226,818 shares in the last quarter. Marshall Wace LLP raised its position in shares of Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after purchasing an additional 756,926 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Levi Strauss & Co. by 59.4% during the 3rd 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 valued at $33,907,000 after buying an additional 579,460 shares during 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.