Levi Strauss & Co. (NYSE:LEVI) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report report published on Wednesday,Benzinga reports. The firm currently has a $26.00 price target on the blue-jean maker’s stock.

LEVI has been the topic of several other reports. Barclays started coverage on shares of Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an “overweight” rating and a $24.00 target price on the stock. Morgan Stanley decreased their target price on Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Citigroup cut their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $22.18.

Levi Strauss & Co. Trading Down 1.5 %

Shares of LEVI stock opened at $17.55 on Wednesday. Levi Strauss & Co. has a fifty-two week low of $15.16 and a fifty-two week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The stock has a 50 day simple moving average of $17.33 and a two-hundred day simple moving average of $18.18. The company has a market cap of $6.96 billion, a P/E ratio of 46.17, a PEG ratio of 0.97 and a beta of 1.16.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the transaction, the director now owns 104,178 shares of the company’s stock, valued at $1,875,204. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its stake 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 purchasing an additional 2,907,099 shares during the period. Marshall Wace LLP grew its position in Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after buying an additional 756,926 shares during the period. Millennium Management LLC increased its holdings in Levi Strauss & Co. by 2,083.0% during the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after buying an additional 1,835,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Levi Strauss & Co. by 59.4% in the third 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 acquiring an additional 579,460 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Levi Strauss & Co. by 6,794.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock valued at $24,001,000 after acquiring an additional 1,226,818 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.