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

Levi Strauss & Co. (NYSE:LEVI) had its price objective raised by research analysts at Guggenheim from $20.00 to $22.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the blue-jean maker’s stock. Guggenheim’s target price would suggest a potential upside of 15.46% from the stock’s current price.

A number of other research analysts also recently commented on the company. Wells Fargo & Company lowered their target price on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley lowered their target price 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. Barclays lowered their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday. Telsey Advisory Group lowered their target price on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Citigroup decreased 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. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Levi Strauss & Co. Stock Up 1.1 %

NYSE:LEVI opened at $19.06 on Monday. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 1.96 and a beta of 1.17. Levi Strauss & Co. has a 1-year low of $15.62 and a 1-year high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The business’s fifty day moving average price is $17.58 and its 200 day moving average price is $18.17.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 8,332 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.00, for a total transaction of $149,976.00. Following the completion of the sale, the director now owns 108,344 shares in the company, valued at $1,950,192. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several large investors have recently added to or reduced their stakes in LEVI. FMR LLC raised its holdings in Levi Strauss & Co. by 44.6% in the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after acquiring an additional 2,907,099 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Levi Strauss & Co. by 59.4% in the 3rd 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 in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of Levi Strauss & Co. in the 3rd quarter worth approximately $10,817,000. Finally, Algert Global LLC raised its holdings in shares of Levi Strauss & Co. by 282.1% in the 3rd quarter. Algert Global LLC now owns 150,793 shares of the blue-jean maker’s stock worth $3,287,000 after buying an additional 111,330 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.