Levi Strauss & Co. (NYSE:LEVI) Receives $22.89 Consensus Price Target from Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.89.

Several research firms have recently weighed in on LEVI. Barclays started coverage on Levi Strauss & Co. in a research report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 target price for the company. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. TD Cowen dropped their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price objective 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.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $17.74 on Monday. The stock has a 50 day moving average price of $17.23 and a 200 day moving average price of $18.25. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a market capitalization of $7.04 billion, a P/E ratio of 46.69, a P/E/G ratio of 0.95 and a beta of 1.16.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the transaction, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LEVI. Matrix Trust Co grew its holdings in Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Levi Strauss & Co. by 1.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker’s stock worth $26,816,000 after purchasing an additional 20,426 shares in the last quarter. Tidal Investments LLC grew its stake in Levi Strauss & Co. by 11.2% during the 3rd quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock worth $3,635,000 after buying an additional 16,785 shares during the last quarter. Geode Capital Management LLC increased its position in Levi Strauss & Co. by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock valued at $24,512,000 after buying an additional 20,870 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Levi Strauss & Co. in the third quarter valued at about $832,000. Institutional investors own 69.14% of the company’s stock.

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.