JPMorgan Chase & Co. Increases Levi Strauss & Co. (NYSE:LEVI) Price Target to $21.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective raised by analysts at JPMorgan Chase & Co. from $20.00 to $21.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the blue-jean maker’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 5.95% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Bank of America raised their price target on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a report on Thursday. OTR Global initiated coverage on Levi Strauss & Co. in a report on Friday, June 14th. They issued a “positive” rating for the company. Stifel Nicolaus lowered their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Finally, TD Cowen decreased their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average price target of $22.75.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $19.82 on Thursday. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The stock’s 50-day moving average is $19.19 and its 200 day moving average is $20.34. The company has a market cap of $7.88 billion, a P/E ratio of 56.63, a PEG ratio of 1.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.42 and a quick ratio of 0.77.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Research analysts predict that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now directly owns 158,344 shares in the company, valued at approximately $2,886,611.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now directly owns 158,344 shares in the company, valued at approximately $2,886,611.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $8,552,000. Brandes Investment Partners LP increased its position in shares of Levi Strauss & Co. by 1.8% in the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock valued at $824,000 after buying an additional 743 shares in the last quarter. Quarry LP purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $56,000. Susquehanna International Securities Ltd. purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $239,000. Finally, Scientech Research LLC purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $361,000. 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.