Levi Strauss & Co. (NYSE:LEVI) PT Raised to $28.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective upped by Stifel Nicolaus from $24.00 to $28.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 21.74% from the company’s current price.

Several other research firms also recently weighed in on LEVI. Wells Fargo & Company boosted their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. TD Cowen boosted their price objective on Levi Strauss & Co. from $23.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Morgan Stanley upped their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Telsey Advisory Group upped their price objective on Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday. Finally, OTR Global began coverage on Levi Strauss & Co. in a research report on Friday, June 14th. They issued a “positive” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.56.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $23.00 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34. The stock’s 50 day simple moving average is $22.37 and its two-hundred day simple moving average is $19.14. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 74.19, a PEG ratio of 1.32 and a beta of 1.19.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 16,666 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $23.94, for a total transaction of $398,984.04. Following the sale, the director now owns 166,676 shares of the company’s stock, valued at $3,990,223.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Levi Strauss & Co. news, EVP Harmit J. Singh sold 346,555 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $22.21, for a total value of $7,696,986.55. Following the completion of the sale, the executive vice president now directly owns 525,337 shares in the company, valued at $11,667,734.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Friedman sold 16,666 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $23.94, for a total value of $398,984.04. Following the completion of the sale, the director now owns 166,676 shares of the company’s stock, valued at $3,990,223.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 830,719 shares of company stock valued at $18,426,020. 3.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. Vanguard Group Inc. raised its position in Levi Strauss & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 8,294,342 shares of the blue-jean maker’s stock valued at $112,637,000 after acquiring an additional 90,776 shares in the last quarter. Seven Eight Capital LP acquired a new stake in Levi Strauss & Co. in the fourth quarter valued at approximately $1,361,000. Trexquant Investment LP acquired a new stake in Levi Strauss & Co. in the third quarter valued at approximately $2,834,000. Allianz Asset Management GmbH grew 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 valued at $2,564,000 after purchasing an additional 95,000 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Levi Strauss & Co. by 959.0% in the fourth quarter. International Assets Investment Management LLC now owns 294,412 shares of the blue-jean maker’s stock valued at $4,870,000 after purchasing an additional 266,612 shares during the period. 69.14% of the stock is currently owned by hedge funds and other 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.