Levi Strauss & Co. (NYSE:LEVI) PT Lowered to $25.00 at TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its price objective decreased by TD Cowen from $26.00 to $25.00 in a research note released on Friday morning, Benzinga reports. TD Cowen currently has a buy rating on the blue-jean maker’s stock.

A number of other research firms have also weighed in on LEVI. Stifel Nicolaus increased their price objective on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a buy rating in a research note on Monday, June 24th. Telsey Advisory Group reiterated an outperform rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Friday. Bank of America increased their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a neutral rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. cut their price objective on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a research note on Thursday, June 27th. Finally, OTR Global initiated coverage on shares of Levi Strauss & Co. in a research note on Friday, June 14th. They issued a positive rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Levi Strauss & Co. currently has an average rating of Moderate Buy and a consensus price target of $23.25.

Levi Strauss & Co. Trading Up 0.9 %

NYSE LEVI opened at $21.65 on Friday. The company has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $20.26. The stock has a market cap of $8.60 billion, a P/E ratio of 61.84, a P/E/G ratio of 1.19 and a beta of 1.14. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 earnings per share. On average, analysts forecast that Levi Strauss & Co. will post 1.25 earnings per share for the current year.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the sale, the director now owns 158,344 shares in the company, valued at $2,886,611.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total value of $75,946.18. Following the transaction, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,500 shares of company stock worth $736,461. 3.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of large investors have recently made changes to their positions in the stock. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $56,000. Headlands Technologies LLC acquired a new stake in Levi Strauss & Co. during the second quarter worth $135,000. nVerses Capital LLC acquired a new stake in Levi Strauss & Co. during the second quarter worth $195,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in Levi Strauss & Co. during the second quarter worth $239,000. 69.14% of the stock is currently owned by hedge funds and other 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.