UBS Group Issues Pessimistic Forecast for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI) had its price objective decreased by equities researchers at UBS Group from $26.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the blue-jean maker’s stock. UBS Group’s price target indicates a potential upside of 30.11% from the stock’s previous close.

Several other brokerages have also weighed in on LEVI. JPMorgan Chase & Co. dropped their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Guggenheim boosted their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a report on Monday. Barclays cut their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Citigroup decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, Telsey Advisory Group dropped their price target on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Trading Up 3.0 %

Shares of LEVI opened at $19.22 on Monday. Levi Strauss & Co. has a one year low of $15.62 and a one year high of $24.34. The stock has a 50-day moving average price of $17.66 and a 200 day moving average price of $18.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market capitalization of $7.62 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.96 and a beta of 1.17.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Sell-side analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, the director now directly owns 100,012 shares in the company, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 16,664 shares of company stock worth $301,785. Insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Asset Management One Co. Ltd. acquired a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Levi Strauss & Co. during the 4th quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Levi Strauss & Co. by 2,904.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after purchasing an additional 4,966 shares during the period. Matrix Trust Co raised its stake in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $105,000. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.