Levi Strauss & Co. (NYSE:LEVI) Rating Reiterated by Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating restated by stock analysts at Telsey Advisory Group in a research report issued on Wednesday, Benzinga reports. They currently have a $26.00 target price on the blue-jean maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 37.42% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. TD Cowen reduced their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Bank of America raised their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Thursday, June 27th. Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Levi Strauss & Co. Price Performance

LEVI stock traded down $0.40 during mid-day trading on Wednesday, hitting $18.92. 751,777 shares of the stock were exchanged, compared to its average volume of 2,267,193. The business has a fifty day moving average price of $19.35 and a 200 day moving average price of $20.37. Levi Strauss & Co. has a 12 month low of $13.22 and a 12 month high of $24.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 1.18 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.28 EPS. Levi Strauss & Co.’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Levi Strauss & Co. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now owns 154,178 shares in the company, valued at $2,952,508.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently made changes to their positions in LEVI. 272 Capital LP bought a new position in Levi Strauss & Co. in the second quarter worth $35,000. Quarry LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter worth about $56,000. Headlands Technologies LLC purchased a new position in Levi Strauss & Co. during the 2nd quarter valued at about $135,000. nVerses Capital LLC bought a new stake in Levi Strauss & Co. during the second quarter worth about $195,000. Finally, Susquehanna International Securities Ltd. purchased a new stake in Levi Strauss & Co. in the second quarter worth about $239,000. 69.14% of the stock is currently owned by 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.