Levi Strauss & Co. (NYSE:LEVI) PT Raised to $28.00 at Morgan Stanley

Levi Strauss & Co. (NYSE:LEVI) had its target price increased by research analysts at Morgan Stanley from $25.00 to $28.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the blue-jean maker’s stock. Morgan Stanley’s target price indicates a potential downside of 3.15% from the stock’s current price.

Several other equities analysts also recently issued reports on LEVI. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of Levi Strauss & Co. from $26.00 to $29.00 in a report on Friday, April 9th. Citigroup boosted their price objective on shares of Levi Strauss & Co. from $26.00 to $29.00 in a report on Friday, April 9th. UBS Group lifted their price target on shares of Levi Strauss & Co. from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Telsey Advisory Group lifted their price target on shares of Levi Strauss & Co. from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, April 15th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.45.

Shares of NYSE:LEVI opened at $28.91 on Monday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.36 and a current ratio of 1.96. The company has a market cap of $11.57 billion, a PE ratio of -120.45, a price-to-earnings-growth ratio of 4.59 and a beta of 1.05. Levi Strauss & Co. has a 52 week low of $11.13 and a 52 week high of $29.28. The firm has a 50 day simple moving average of $24.97 and a 200 day simple moving average of $20.68.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, April 7th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. Levi Strauss & Co. had a negative net margin of 1.90% and a positive return on equity of 7.10%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 13.3% compared to the same quarter last year. On average, equities analysts predict that Levi Strauss & Co. will post 0.14 earnings per share for the current year.

In related news, SVP Gavin Brockett sold 15,169 shares of the company’s stock in a transaction dated Friday, February 12th. The shares were sold at an average price of $20.86, for a total value of $316,425.34. Following the transaction, the senior vice president now directly owns 35,969 shares in the company, valued at $750,313.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Jennifer C. Haas sold 12,779 shares of the company’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $22.06, for a total transaction of $281,904.74. Following the completion of the transaction, the insider now owns 12,779 shares in the company, valued at $281,904.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,346,212 shares of company stock worth $33,123,901. Corporate insiders own 6.48% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in LEVI. Squarepoint Ops LLC lifted its position in Levi Strauss & Co. by 408.4% during the fourth quarter. Squarepoint Ops LLC now owns 135,751 shares of the blue-jean maker’s stock worth $2,726,000 after purchasing an additional 109,051 shares during the period. Morgan Stanley lifted its position in Levi Strauss & Co. by 88.6% during the fourth quarter. Morgan Stanley now owns 1,401,097 shares of the blue-jean maker’s stock worth $28,134,000 after purchasing an additional 658,339 shares during the period. BlackRock Inc. lifted its position in Levi Strauss & Co. by 8.6% during the fourth quarter. BlackRock Inc. now owns 1,344,820 shares of the blue-jean maker’s stock worth $27,004,000 after purchasing an additional 106,746 shares during the period. Hsbc Holdings PLC bought a new stake in Levi Strauss & Co. during the fourth quarter worth about $296,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Levi Strauss & Co. during the third quarter worth about $315,000. Institutional investors and hedge funds own 12.28% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co operates as an apparel company. It designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. 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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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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