Telsey Advisory Group Has Lowered Expectations for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI) had its price target reduced by Telsey Advisory Group from $26.00 to $23.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 27.02% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Citigroup cut their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. TD Cowen reduced their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Morgan Stanley dropped their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company reduced their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.36.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $18.11 on Thursday. The firm has a market capitalization of $7.18 billion, a P/E ratio of 47.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $17.46 and its 200 day simple moving average is $18.17. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. As a group, 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 8,332 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the sale, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Asset Management One Co. Ltd. purchased a new stake in Levi Strauss & Co. during the 3rd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Levi Strauss & Co. in the 4th quarter valued at approximately $39,000. Quarry LP purchased a new position in Levi Strauss & Co. during the second quarter valued at $56,000. Matrix Trust Co lifted its position in Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Levi Strauss & Co. in the 4th quarter worth approximately $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.