Levi Strauss & Co. (NYSE:LEVI) Price Target Lowered to $16.00 at Morgan Stanley

Levi Strauss & Co. (NYSE:LEVI) had its target price cut by investment analysts at Morgan Stanley from $17.00 to $16.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the blue-jean maker’s stock. Morgan Stanley’s price objective would suggest a potential upside of 27.85% from the company’s previous close.

Other analysts also recently issued reports about the company. Wells Fargo & Company decreased their target price 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, January 30th. Telsey Advisory Group cut their price target on shares of Levi Strauss & Co. from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday. Citigroup dropped their price target on Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. Barclays lowered their price target on shares of Levi Strauss & Co. from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, UBS Group dropped their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.36.

Levi Strauss & Co. Trading Down 7.3 %

Shares of NYSE LEVI opened at $12.52 on Wednesday. The stock has a market cap of $4.95 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07. The firm has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $17.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a 52-week low of $12.15 and a 52-week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 earnings per share. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the 4th quarter worth $39,000. Point72 Hong Kong Ltd purchased a new position in shares of Levi Strauss & Co. during the fourth quarter worth about $57,000. New Age Alpha Advisors LLC acquired a new position in Levi Strauss & Co. in the 4th quarter valued at $82,000. Matrix Trust Co increased 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 worth $95,000 after purchasing an additional 4,800 shares during the period. Finally, R Squared Ltd acquired a new position in Levi Strauss & Co. during the fourth quarter worth about $105,000. 69.14% of the stock is owned by institutional investors and hedge funds.

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.