JPMorgan Chase & Co. Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $19.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective decreased by JPMorgan Chase & Co. from $21.00 to $19.00 in a research note published on Friday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the blue-jean maker’s stock.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Barclays began coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 price objective for the company. 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 report on Thursday, October 3rd. Citigroup cut their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, 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 Wednesday, January 22nd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.18.

Levi Strauss & Co. Stock Down 1.5 %

LEVI stock opened at $17.55 on Friday. The business has a 50 day moving average of $17.33 and a 200 day moving average of $18.18. The firm has a market cap of $6.96 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. Levi Strauss & Co. has a twelve month low of $15.16 and a twelve month high of $24.34. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the transaction, the director now directly owns 104,178 shares of the company’s stock, valued at $1,875,204. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds have recently bought and sold shares of the business. Washington Capital Management Inc. lifted its holdings in Levi Strauss & Co. by 21.4% during the fourth quarter. Washington Capital Management Inc. now owns 34,000 shares of the blue-jean maker’s stock valued at $588,000 after purchasing an additional 6,000 shares in the last quarter. R Squared Ltd purchased a new position in Levi Strauss & Co. in the 4th quarter valued at about $105,000. Twelve Points Wealth Management LLC boosted its holdings in Levi Strauss & Co. by 15.4% in the 4th quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock worth $989,000 after buying an additional 7,633 shares during the last quarter. Hunter Perkins Capital Management LLC increased its stake in Levi Strauss & Co. by 93.8% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock worth $727,000 after buying an additional 20,335 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Levi Strauss & Co. by 0.8% during the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after acquiring an additional 892 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.