Levi Strauss & Co. (NYSE:LEVI – Get Rating) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $22.00 to $23.00 in a research note issued to investors on Friday, The Fly reports. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 30.98% from the company's current price.
Several other equities analysts have also issued reports on the company. Stifel Nicolaus decreased their target price on Levi Strauss & Co. from $26.00 to $23.00 in a research note on Wednesday, July 20th. UBS Group decreased their price objective on Levi Strauss & Co. from $31.00 to $24.00 in a research report on Friday, July 15th. Evercore ISI dropped their target price on Levi Strauss & Co. from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, July 8th. Wells Fargo & Company reduced their price target on shares of Levi Strauss & Co. from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. Finally, Morgan Stanley downgraded shares of Levi Strauss & Co. from an "overweight" rating to an "equal weight" rating and set a $19.00 target price for the company. in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and a consensus target price of $26.27.
Get Levi Strauss & Co. alerts:Levi Strauss & Co. Stock Performance
Shares of NYSE LEVI traded up $0.14 during mid-day trading on Friday, hitting $17.56. The stock had a trading volume of 11,631 shares, compared to its average volume of 1,569,894. The company has a 50 day moving average of $18.28 and a two-hundred day moving average of $18.38. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.53. The firm has a market cap of $6.97 billion, a PE ratio of 12.19, a PEG ratio of 3.02 and a beta of 1.13. Levi Strauss & Co. has a twelve month low of $15.61 and a twelve month high of $28.62.
Levi Strauss & Co. (NYSE:LEVI – Get Rating) last posted its earnings results on Thursday, July 7th. The blue-jean maker reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.06. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 40.03%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Research analysts predict that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.Insider Activity
In other news, EVP Seth Jaffe sold 12,782 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $18.75, for a total value of $239,662.50. Following the completion of the sale, the executive vice president now owns 148,299 shares in the company, valued at $2,780,606.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.69% of the stock is owned by company insiders.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. Allworth Financial LP lifted its position in shares of Levi Strauss & Co. by 676.9% in the second quarter. Allworth Financial LP now owns 1,678 shares of the blue-jean maker's stock worth $27,000 after buying an additional 1,462 shares during the last quarter. Western Pacific Wealth Management LP bought a new stake in shares of Levi Strauss & Co. in the 4th quarter worth about $50,000. Private Capital Group LLC acquired a new stake in shares of Levi Strauss & Co. during the first quarter worth approximately $43,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in Levi Strauss & Co. in the 2nd quarter valued at $46,000. Finally, Venture Visionary Partners LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter worth about $59,000. Hedge funds and other institutional investors own 17.81% of the company's stock.
About Levi Strauss & Co.
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Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.
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