Levi Strauss & Co. (NYSE:LEVI) PT Raised to $22.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective hoisted by Bank of America from $19.00 to $22.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the blue-jean maker’s stock. Bank of America‘s price objective indicates a potential upside of 13.81% from the stock’s current price.

A number of other research firms have also commented on LEVI. Morgan Stanley increased their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, April 5th. OTR Global started coverage on Levi Strauss & Co. in a research report on Friday, June 14th. They set a “positive” rating on the stock. JPMorgan Chase & Co. reduced their target price on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a research report on Thursday. Finally, UBS Group increased their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Levi Strauss & Co. Trading Down 16.4 %

LEVI traded down $3.79 on Thursday, hitting $19.33. The company had a trading volume of 9,698,969 shares, compared to its average volume of 2,400,807. The firm has a market cap of $7.69 billion, a P/E ratio of 62.35, a PEG ratio of 1.31 and a beta of 1.19. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34. The company’s fifty day moving average price is $22.54 and its 200 day moving average price is $19.28. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.04 earnings per share. As a group, equities analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Insider Activity

In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 26,959 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.14, for a total value of $542,954.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Bradley J. Haas sold 26,959 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.14, for a total transaction of $542,954.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Harmit J. Singh sold 346,555 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $22.21, for a total value of $7,696,986.55. Following the transaction, the executive vice president now directly owns 525,337 shares of the company’s stock, valued at approximately $11,667,734.77. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 772,263 shares of company stock worth $17,256,670. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Levi Strauss & Co. by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 538,163 shares of the blue-jean maker’s stock worth $7,308,000 after purchasing an additional 26,902 shares in the last quarter. Citigroup Inc. raised its position in shares of Levi Strauss & Co. by 40.2% in the third quarter. Citigroup Inc. now owns 49,879 shares of the blue-jean maker’s stock valued at $677,000 after purchasing an additional 14,295 shares during the period. Trexquant Investment LP bought a new position in shares of Levi Strauss & Co. in the third quarter valued at about $2,834,000. Evergreen Capital Management LLC raised its position in shares of Levi Strauss & Co. by 1.4% in the third quarter. Evergreen Capital Management LLC now owns 152,262 shares of the blue-jean maker’s stock valued at $2,068,000 after purchasing an additional 2,096 shares during the period. Finally, Graham Capital Management L.P. bought a new position in shares of Levi Strauss & Co. in the third quarter valued at about $442,000. 69.14% of the stock is owned by institutional investors.

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.