Levi Strauss & Co. (NYSE:LEVI) Stock Rating Reaffirmed by Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating reiterated by equities researchers at Telsey Advisory Group in a report released on Wednesday, Benzinga reports. They currently have a $26.00 target price on the blue-jean maker’s stock. Telsey Advisory Group’s price objective points to a potential upside of 40.46% from the company’s previous close.

A number of other analysts have also recently issued reports on the company. Bank of America raised their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Stifel Nicolaus cut 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. TD Cowen cut their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and an average target price of $22.75.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI opened at $18.51 on Wednesday. The stock has a 50 day moving average price of $19.42 and a 200 day moving average price of $20.35. Levi Strauss & Co. has a 52 week low of $13.22 and a 52 week high of $24.34. 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 stock has a market capitalization of $7.36 billion, a PE ratio of 52.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the transaction, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now owns 229,176 shares in the company, valued at $4,583,520. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total value of $75,946.18. Following the transaction, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,334 shares of company stock worth $655,765. Company insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds have recently added to or reduced their stakes in the stock. 272 Capital LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $35,000. Quarry LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $56,000. Headlands Technologies LLC bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $135,000. nVerses Capital LLC bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $195,000. Finally, Susquehanna International Securities Ltd. bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $239,000. Institutional investors own 69.14% of the company’s stock.

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.