Levi Strauss & Co. (NYSE:LEVI) Receives Average Recommendation of “Moderate Buy” from Analysts

Levi Strauss & Co. (NYSE:LEVI) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.89.

A number of brokerages recently issued reports on LEVI. JPMorgan Chase & Co. increased their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. 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 report on Thursday, October 3rd. Barclays initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 target price on the stock. TD Cowen cut their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th.

Insider Activity at Levi Strauss & Co.

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

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new position in shares of Levi Strauss & Co. during the third quarter worth $27,000. 272 Capital LP purchased a new position in shares of Levi Strauss & Co. during the second quarter valued at about $35,000. Quarry LP bought a new stake in shares of Levi Strauss & Co. in the second quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after buying an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Levi Strauss & Co. during the second quarter valued at approximately $135,000. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $17.64 on Monday. The firm has a market capitalization of $7.00 billion, a PE ratio of 46.42, a P/E/G ratio of 0.95 and a beta of 1.16. 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 company has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $18.32. Levi Strauss & Co. has a twelve month low of $14.87 and a twelve month high of $24.34.

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.