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

Levi Strauss & Co. (NYSE:LEVI) had its price objective hoisted by stock analysts at Telsey Advisory Group from $18.00 to $22.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s price objective points to a potential upside of 10.06% from the stock’s current price.

Several other analysts have also commented on LEVI. Wells Fargo & Company decreased their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Friday, January 26th. JPMorgan Chase & Co. reduced their price objective on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, January 26th. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Finally, UBS Group boosted their price objective on Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average target price of $17.10.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $19.99 on Wednesday. The stock has a 50 day moving average of $17.73 and a two-hundred day moving average of $15.80. The company has a current ratio of 1.48, a quick ratio of 0.75 and a debt-to-equity ratio of 0.49. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $20.02. The company has a market capitalization of $7.96 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.20 and a beta of 1.21.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Tuesday, January 23rd. The blue-jean maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Levi Strauss & Co. had a return on equity of 22.33% and a net margin of 4.04%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the company earned $0.34 EPS. The company’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Levi Strauss & Co. will post 1.22 EPS for the current year.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 32,398 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $18.03, for a total value of $584,135.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder Margaret E. Haas sold 32,398 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $18.03, for a total transaction of $584,135.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Margaret E. Haas sold 9,462 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $18.01, for a total value of $170,410.62. The disclosure for this sale can be found here. Insiders sold 58,875 shares of company stock worth $1,045,240 over the last ninety days. 3.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LEVI. Balyasny Asset Management L.P. acquired a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $38,029,000. Ceredex Value Advisors LLC acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $24,325,000. Marshall Wace LLP lifted its position in shares of Levi Strauss & Co. by 724.6% in the fourth quarter. Marshall Wace LLP now owns 1,574,260 shares of the blue-jean maker’s stock valued at $24,433,000 after buying an additional 1,383,339 shares during the last quarter. M. Kulyk & Associates LLC lifted its position in shares of Levi Strauss & Co. by 2,096.4% in the third quarter. M. Kulyk & Associates LLC now owns 1,252,500 shares of the blue-jean maker’s stock valued at $17,009,000 after buying an additional 1,195,475 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Levi Strauss & Co. by 20.5% in the first quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker’s stock valued at $125,773,000 after buying an additional 1,084,969 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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.