Telsey Advisory Group Increases Levi Strauss & Co. (NYSE:LEVI) Price Target to $32.00


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Levi Strauss & Co. (NYSE:LEVI) had its target price upped by analysts at Telsey Advisory Group from $27.00 to $32.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 10.23% from the stock’s previous close.

Several other analysts also recently weighed in on LEVI. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Levi Strauss & Co. from $26.00 to $29.00 in a research note on Friday, April 9th. UBS Group raised their price objective on Levi Strauss & Co. from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Citigroup raised their price objective on Levi Strauss & Co. from $26.00 to $29.00 in a research report on Friday, April 9th. Morgan Stanley raised their price objective on Levi Strauss & Co. from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, April 12th. Finally, Guggenheim raised their price objective on Levi Strauss & Co. from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Nine investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Levi Strauss & Co. has an average rating of “Buy” and a consensus target price of $26.27.

Shares of NYSE LEVI opened at $29.03 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.36 and a current ratio of 1.96. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of -120.95, a P/E/G ratio of 4.59 and a beta of 1.05. The business’s 50-day simple moving average is $24.52 and its 200-day simple moving average is $20.37. Levi Strauss & Co. has a 52 week low of $11.13 and a 52 week high of $27.73.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, April 7th. The blue-jean maker reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. Levi Strauss & Co. had a positive return on equity of 7.10% and a negative net margin of 1.90%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.40 EPS. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Levi Strauss & Co. will post 0.14 earnings per share for the current year.

In related news, SVP Gavin Brockett sold 15,169 shares of the firm’s stock in a transaction on Friday, February 12th. The stock was sold at an average price of $20.86, for a total transaction of $316,425.34. Following the completion of the sale, the senior vice president now directly owns 35,969 shares of the company’s stock, valued at approximately $750,313.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Peter E. Jr. Haas sold 73,234 shares of Levi Strauss & Co. stock in a transaction on Friday, March 19th. The shares were sold at an average price of $25.07, for a total value of $1,835,976.38. Following the completion of the sale, the insider now directly owns 3,582 shares of the company’s stock, valued at $89,800.74. The disclosure for this sale can be found here. Insiders have sold a total of 1,346,212 shares of company stock valued at $33,123,901 over the last ninety days. Insiders own 6.48% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. FMR LLC acquired a new stake in shares of Levi Strauss & Co. in the 1st quarter valued at $14,917,000. BlackRock Inc. increased its stake in shares of Levi Strauss & Co. by 27.2% in the 3rd quarter. BlackRock Inc. now owns 1,238,074 shares of the blue-jean maker’s stock valued at $16,591,000 after buying an additional 265,062 shares during the period. LPL Financial LLC acquired a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at $139,000. State Street Corp increased its stake in shares of Levi Strauss & Co. by 1.3% in the 3rd quarter. State Street Corp now owns 165,476 shares of the blue-jean maker’s stock valued at $2,217,000 after buying an additional 2,174 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Levi Strauss & Co. by 136.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 91,823 shares of the blue-jean maker’s stock valued at $1,230,000 after buying an additional 53,023 shares during the period. 12.28% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co operates as an apparel company. It designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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