Levi Strauss & Co. (NYSE:LEVI) Price Target Increased to $26.00 by Analysts at TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its price target lifted by research analysts at TD Cowen from $23.00 to $26.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. TD Cowen’s price objective would indicate a potential upside of 10.45% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 8th. OTR Global assumed coverage on shares of Levi Strauss & Co. in a report on Friday, June 14th. They issued a “positive” rating on the stock. Morgan Stanley boosted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Telsey Advisory Group raised their target price on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, Wells Fargo & Company boosted their price target on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.89.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock opened at $23.54 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $24.34. The stock has a 50 day moving average of $22.23 and a 200 day moving average of $19.01. The firm has a market cap of $9.37 billion, a PE ratio of 75.94, a PEG ratio of 1.35 and a beta of 1.19.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 earnings per share. On average, research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 16,666 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $23.94, for a total value of $398,984.04. Following the completion of the transaction, the director now owns 166,676 shares in the company, valued at approximately $3,990,223.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 35,415 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.00, for a total transaction of $708,300.00. Following the sale, the director now directly owns 179,430 shares of the company’s stock, valued at approximately $3,588,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Friedman sold 16,666 shares of Levi Strauss & Co. stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $23.94, for a total value of $398,984.04. Following the transaction, the director now owns 166,676 shares of the company’s stock, valued at approximately $3,990,223.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 830,719 shares of company stock valued at $18,426,020. Insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEVI. Vanguard Group Inc. increased its holdings in Levi Strauss & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 8,294,342 shares of the blue-jean maker’s stock worth $112,637,000 after acquiring an additional 90,776 shares in the last quarter. Seven Eight Capital LP purchased a new position in Levi Strauss & Co. in the 4th quarter valued at about $1,361,000. Trexquant Investment LP acquired a new stake in Levi Strauss & Co. in the 3rd quarter worth about $2,834,000. International Assets Investment Management LLC increased its stake in Levi Strauss & Co. by 959.0% during the 4th quarter. International Assets Investment Management LLC now owns 294,412 shares of the blue-jean maker’s stock worth $4,870,000 after buying an additional 266,612 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Levi Strauss & Co. by 158.3% in the fourth quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock valued at $2,564,000 after acquiring an additional 95,000 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.