Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $22.00 at Guggenheim

Levi Strauss & Co. (NYSE:LEVI) had its price target upped by equities researchers at Guggenheim from $20.00 to $22.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the blue-jean maker’s stock. Guggenheim’s target price would indicate a potential upside of 14.49% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays dropped their price objective on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Telsey Advisory Group lowered their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Wells Fargo & Company cut their target price on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Morgan Stanley 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 Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $19.22 on Monday. Levi Strauss & Co. has a one year low of $15.62 and a one year high of $24.34. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.96 and a beta of 1.17. The company has a 50-day simple moving average of $17.66 and a 200-day simple moving average of $18.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the sale, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 16,664 shares of company stock worth $301,785. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of LEVI. FMR LLC lifted its stake in shares of Levi Strauss & Co. by 44.6% during the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after buying an additional 2,907,099 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Levi Strauss & Co. by 59.4% during the third 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 worth $33,907,000 after buying an additional 579,460 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Levi Strauss & Co. by 119.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock worth $26,858,000 after buying an additional 840,251 shares during the last quarter. Franklin Resources Inc. grew its holdings in 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 valued at $26,816,000 after buying an additional 20,426 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of 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 acquiring an additional 20,870 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

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.