Levi Strauss & Co.’s (LEVI) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a report issued on Friday, Benzinga reports. They currently have a $26.00 price objective on the blue-jean maker’s stock.

Several other brokerages have also recently weighed in on LEVI. TD Cowen boosted their price objective on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a buy rating in a report on Tuesday, June 18th. JPMorgan Chase & Co. dropped their price objective on Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating for the company in a report on Thursday, June 27th. Stifel Nicolaus boosted their price objective on Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a buy rating in a report on Monday, June 24th. OTR Global assumed coverage on Levi Strauss & Co. in a report on Friday, June 14th. They set a positive rating for the company. Finally, Bank of America boosted their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $23.25.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock opened at $21.65 on Friday. The stock has a 50-day simple moving average of $18.90 and a 200 day simple moving average of $20.28. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 61.86, a P/E/G ratio of 1.19 and a beta of 1.14.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Friedman sold 25,002 shares of the company’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 value 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 disclosure for this sale can be found here. In the last three months, insiders sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Levi Strauss & Co. by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker’s stock worth $138,794,000 after acquiring an additional 97,043 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Levi Strauss & Co. by 18.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock worth $20,601,000 after acquiring an additional 196,270 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Levi Strauss & Co. by 230.0% during the 1st quarter. BNP Paribas Financial Markets now owns 56,934 shares of the blue-jean maker’s stock worth $1,138,000 after acquiring an additional 39,683 shares during the last quarter. Seven Eight Capital LP acquired a new position in Levi Strauss & Co. during the 4th quarter worth approximately $1,361,000. Finally, Allianz Asset Management GmbH raised its stake in shares of Levi Strauss & Co. by 158.3% during the 4th quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock worth $2,564,000 after purchasing an additional 95,000 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 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.