TD Cowen Raises Levi Strauss & Co. (NYSE:LEVI) Price Target to $26.00

Levi Strauss & Co. (NYSE:LEVI) had its price target boosted by investment analysts at TD Cowen from $23.00 to $26.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the blue-jean maker’s stock. TD Cowen’s price target suggests a potential upside of 9.47% from the company’s current price.

Several other research firms have also commented on LEVI. JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. OTR Global assumed coverage on Levi Strauss & Co. in a research report on Friday. They issued a “positive” rating on the stock. UBS Group lifted their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Stifel Nicolaus lifted their target price on Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $20.89.

Levi Strauss & Co. Trading Up 1.1 %

Shares of LEVI traded up $0.27 during trading hours on Tuesday, hitting $23.75. The stock had a trading volume of 366,572 shares, compared to its average volume of 2,283,219. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market cap of $9.45 billion, a P/E ratio of 76.65, a P/E/G ratio of 1.31 and a beta of 1.19. The company’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $18.92. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.34 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. Equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total value of $708,300.00. Following the completion of the transaction, the director now directly owns 179,430 shares in the company, valued at $3,588,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total value of $708,300.00. Following the completion of the transaction, the director now directly owns 179,430 shares in the company, valued at $3,588,600. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bradley J. Haas sold 100,000 shares of Levi Strauss & Co. stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $24.05, for a total value of $2,405,000.00. The disclosure for this sale can be found here. Insiders sold a total of 830,719 shares of company stock worth $18,426,020 over the last ninety days. Company insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its holdings in shares of Levi Strauss & Co. by 1.0% during the first quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock valued at $1,702,000 after buying an additional 851 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Levi Strauss & Co. by 31.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,502 shares of the blue-jean maker’s stock valued at $350,000 after buying an additional 4,202 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Levi Strauss & Co. by 69.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 18,965 shares of the blue-jean maker’s stock valued at $379,000 after buying an additional 7,757 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Levi Strauss & Co. by 2.0% during the first quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock valued at $171,034,000 after buying an additional 164,612 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Levi Strauss & Co. by 96.3% during the first quarter. GSA Capital Partners LLP now owns 69,999 shares of the blue-jean maker’s stock valued at $1,399,000 after buying an additional 34,347 shares during the last quarter. 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.