Levi Strauss & Co. (NYSE:LEVI) PT Raised to $28.00 at Stifel Nicolaus

Levi Strauss & Co. (NYSE:LEVI) had its target price boosted by Stifel Nicolaus from $24.00 to $28.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 21.79% from the company’s previous close.

LEVI has been the subject of several other research reports. TD Cowen raised their price objective on shares of Levi Strauss & Co. from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Wells Fargo & Company raised their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Telsey Advisory Group raised their target price on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, June 21st. JPMorgan Chase & Co. raised their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Morgan Stanley raised their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.56.

Levi Strauss & Co. Stock Down 1.0 %

Shares of NYSE LEVI opened at $22.99 on Monday. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $24.34. The firm has a 50-day moving average price of $22.49 and a 200 day moving average price of $19.25. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of 74.16, a price-to-earnings-growth ratio of 1.31 and a beta of 1.19.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. Equities research analysts anticipate 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 shares were sold at an average price of $20.00, for a total transaction of $708,300.00. Following the transaction, the director now directly owns 179,430 shares of the company’s stock, valued at $3,588,600. The sale was disclosed in a filing with the SEC, which is available at this link. In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.01, for a total transaction of $461,050.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.00, for a total transaction of $708,300.00. Following the transaction, the director now directly owns 179,430 shares in the company, valued at $3,588,600. The disclosure for this sale can be found here. Insiders have sold a total of 830,719 shares of company stock valued at $18,426,020 over the last ninety days. Corporate insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Levi Strauss & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 8,294,342 shares of the blue-jean maker’s stock valued at $112,637,000 after purchasing an additional 90,776 shares during the period. Seven Eight Capital LP purchased a new position in shares of Levi Strauss & Co. in the fourth quarter valued at $1,361,000. Trexquant Investment LP purchased a new position in shares of Levi Strauss & Co. in the third quarter valued at $2,834,000. Allianz Asset Management GmbH boosted its stake in shares of Levi Strauss & Co. by 158.3% in the fourth quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock valued at $2,564,000 after purchasing an additional 95,000 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Levi Strauss & Co. by 959.0% in the fourth quarter. International Assets Investment Management LLC now owns 294,412 shares of the blue-jean maker’s stock valued at $4,870,000 after purchasing an additional 266,612 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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.