Levi Strauss & Co. (NYSE:LEVI) Upgraded at JPMorgan Chase & Co.

Levi Strauss & Co. (NYSE:LEVI) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Tuesday, MarketBeat reports. The firm presently has a $17.00 price objective on the blue-jean maker’s stock, down from their previous price objective of $19.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.41% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Guggenheim boosted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Citigroup reduced their price objective on Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday. Morgan Stanley dropped their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. UBS Group dropped their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price objective on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.36.

Levi Strauss & Co. Stock Up 20.7 %

LEVI opened at $14.99 on Tuesday. The company has a market cap of $5.93 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.92 and a beta of 1.07. The business’s 50-day moving average price is $16.72 and its 200-day moving average price is $17.49. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.10. The company had revenue of $1.53 billion for 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%. Levi Strauss & Co.’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, the director now directly owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its stake in Levi Strauss & Co. by 274.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,657 shares of the blue-jean maker’s stock worth $734,000 after buying an additional 24,669 shares during the period. Stifel Financial Corp increased its stake in Levi Strauss & Co. by 73.9% during the 3rd quarter. Stifel Financial Corp now owns 149,947 shares of the blue-jean maker’s stock worth $3,269,000 after buying an additional 63,718 shares during the period. XTX Topco Ltd purchased a new stake in Levi Strauss & Co. during the 3rd quarter worth approximately $832,000. Geode Capital Management LLC increased its stake in Levi Strauss & Co. by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock worth $24,512,000 after buying an additional 20,870 shares during the period. Finally, Tidal Investments LLC increased its stake in Levi Strauss & Co. by 11.2% during the 3rd quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock worth $3,635,000 after buying an additional 16,785 shares during the period. 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.