Analysts Set Levi Strauss & Co. (NYSE:LEVI) Price Target at $22.89

Shares of Levi Strauss & Co. (NYSE:LEVI) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.50.

A number of analysts recently issued reports on LEVI shares. JPMorgan Chase & Co. raised their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. TD Cowen decreased their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Citigroup reduced their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Barclays began coverage on Levi Strauss & Co. in a research report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price target on the stock.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the transaction, the director now owns 104,178 shares in the company, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Levi Strauss & Co. by 44.6% during the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after acquiring an additional 2,907,099 shares during the period. Marshall Wace LLP lifted its holdings in shares of Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after purchasing an additional 756,926 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after acquiring an additional 1,835,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Levi Strauss & Co. by 59.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock valued at $33,907,000 after buying an additional 579,460 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Levi Strauss & Co. by 2,070.8% in the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after purchasing an additional 1,365,574 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Down 1.2 %

Shares of Levi Strauss & Co. stock opened at $17.37 on Monday. The firm has a market cap of $6.89 billion, a PE ratio of 45.70, a P/E/G ratio of 0.97 and a beta of 1.16. Levi Strauss & Co. has a 1 year low of $15.10 and a 1 year high of $24.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The stock has a fifty day moving average price of $17.25 and a 200-day moving average price of $18.22.

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.