Citigroup Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $19.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective reduced by Citigroup from $21.00 to $19.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the blue-jean maker’s stock.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus lowered their price target 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 started coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. 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 research note on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Levi Strauss & Co. Trading Down 1.2 %

Shares of NYSE LEVI opened at $17.37 on Friday. Levi Strauss & Co. has a twelve month low of $15.10 and a twelve month high of $24.34. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 45.70, a P/E/G ratio of 0.97 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’s fifty day moving average is $17.25 and its 200-day moving average is $18.22.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the transaction, the director now owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several large investors have recently added to or reduced their stakes in LEVI. Asset Management One Co. Ltd. acquired a new position in shares of Levi Strauss & Co. during the third quarter valued at about $27,000. 272 Capital LP bought a new position in Levi Strauss & Co. in the second quarter worth approximately $35,000. Quarry LP acquired a new stake in Levi Strauss & Co. in the second quarter valued at approximately $56,000. Matrix Trust Co increased its holdings in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.