Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $18.00 by Analysts at Morgan Stanley

Levi Strauss & Co. (NYSE:LEVI) had its price objective lowered by Morgan Stanley from $19.00 to $18.00 in a research report released on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the blue-jean maker’s stock.

Several other equities research analysts also recently commented on LEVI. 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Barclays assumed coverage on shares of Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on shares of 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, TD Cowen reduced their price target 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. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Levi Strauss & Co. Price Performance

NYSE LEVI opened at $17.59 on Tuesday. Levi Strauss & Co. has a 12-month low of $15.16 and a 12-month high of $24.34. The firm’s 50 day moving average is $17.27 and its 200-day moving average is $18.20. The company has a market capitalization of $6.98 billion, a PE ratio of 46.29, a price-to-earnings-growth ratio of 0.96 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.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares in the company, valued at $1,875,204. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LEVI. FMR LLC increased its stake in 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 valued at $205,356,000 after acquiring an additional 2,907,099 shares during the last quarter. Marshall Wace LLP boosted its holdings in Levi Strauss & Co. by 21.5% during 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 acquiring an additional 756,926 shares during the period. Millennium Management LLC grew its position 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 acquiring an additional 1,835,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Levi Strauss & Co. by 59.4% in the third 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 worth $33,907,000 after purchasing an additional 579,460 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Levi Strauss & Co. by 6,794.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock worth $24,001,000 after buying an additional 1,226,818 shares during the period. 69.14% of the stock is currently owned by institutional investors.

About Levi Strauss & Co.

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.