Levi Strauss & Co. (NYSE:LEVI) Price Target Lowered to $19.00 at JPMorgan Chase & Co.

Levi Strauss & Co. (NYSE:LEVI) had its price target reduced by JPMorgan Chase & Co. from $21.00 to $19.00 in a report issued on Friday,Benzinga reports. They currently have a neutral rating on the blue-jean maker’s stock.

LEVI has been the subject of a number of other research reports. Morgan Stanley cut their price target on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday. Barclays began coverage on Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an “overweight” rating and a $24.00 target price for the company. TD Cowen decreased their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Citigroup decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report 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 has a consensus rating of “Moderate Buy” and an average target price of $22.18.

Levi Strauss & Co. Trading Down 1.5 %

Shares of NYSE:LEVI opened at $17.55 on Friday. The business’s 50 day simple moving average is $17.33 and its 200 day simple moving average is $18.18. Levi Strauss & Co. has a 1 year low of $15.16 and a 1 year 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 company has a market capitalization of $6.96 billion, a P/E ratio of 46.17, a P/E/G ratio of 0.97 and a beta of 1.16.

Insider Activity

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total transaction of $149,976.00. Following the transaction, the director now owns 108,344 shares in the company, valued at approximately $1,950,192. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently modified their holdings of LEVI. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. in the third quarter valued at about $27,000. Quarry LP purchased a new position in Levi Strauss & Co. in the second quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after purchasing an additional 4,966 shares during the last quarter. Matrix Trust Co grew its holdings in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after purchasing an additional 4,800 shares during the period. Finally, R Squared Ltd purchased a new stake in Levi Strauss & Co. in the fourth quarter worth $105,000. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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.