Shares of Levi Strauss & Co. (NYSE:LEVI) have earned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $24.14.
A number of research firms have recently issued reports on LEVI. Bank of America raised Levi Strauss & Co. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $25.00 to $20.00 in a report on Thursday, August 15th. They noted that the move was a valuation call. Guggenheim reissued a “buy” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, July 24th. Finally, Goldman Sachs Group lowered Levi Strauss & Co. from a “neutral” rating to a “sell” rating and dropped their target price for the company from $21.00 to $19.00 in a report on Wednesday, July 17th.
A number of hedge funds have recently made changes to their positions in LEVI. Hall Kathryn A. acquired a new position in Levi Strauss & Co. during the first quarter worth $137,211,000. Wells Fargo & Company MN grew its holdings in Levi Strauss & Co. by 4,149.5% during the second quarter. Wells Fargo & Company MN now owns 3,269,980 shares of the blue-jean maker’s stock worth $68,277,000 after acquiring an additional 3,193,030 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Levi Strauss & Co. by 43.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,592,606 shares of the blue-jean maker’s stock worth $95,894,000 after acquiring an additional 1,392,606 shares during the period. Federated Investors Inc. PA acquired a new position in Levi Strauss & Co. during the first quarter worth $24,610,000. Finally, Putnam Investments LLC grew its holdings in Levi Strauss & Co. by 317.6% during the second quarter. Putnam Investments LLC now owns 1,318,981 shares of the blue-jean maker’s stock worth $27,540,000 after acquiring an additional 1,003,152 shares during the period. 10.26% of the stock is currently owned by hedge funds and other institutional investors.
Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Tuesday, July 9th. The blue-jean maker reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Levi Strauss & Co. had a return on equity of 42.83% and a net margin of 7.01%. The business’s revenue was up 5.4% on a year-over-year basis. Research analysts forecast that Levi Strauss & Co. will post 1.06 EPS for the current fiscal year.
About Levi Strauss & Co.
Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.
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