Levi Strauss & Co. (NYSE:LEVI) PT Raised to $22.00

Levi Strauss & Co. (NYSE:LEVI) had its target price lifted by Bank of America from $19.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the blue-jean maker’s stock. Bank of America‘s target price points to a potential upside of 14.11% from the company’s previous close.

LEVI has been the subject of a number of other reports. UBS Group increased their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus boosted their price target on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, TD Cowen boosted their price target on shares of Levi Strauss & Co. from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Levi Strauss & Co. Trading Down 1.4 %

NYSE:LEVI opened at $19.28 on Thursday. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $24.34. The firm has a 50-day moving average price of $22.50 and a two-hundred day moving average price of $19.31. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.11%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm earned $0.04 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at Levi Strauss & Co.

In other news, EVP Harmit J. Singh sold 346,555 shares of Levi Strauss & Co. stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the completion of the sale, the executive vice president now directly owns 525,337 shares of the company’s stock, valued at approximately $11,667,734.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 102,418 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $22.33, for a total value of $2,286,993.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Harmit J. Singh sold 346,555 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the completion of the sale, the executive vice president now directly owns 525,337 shares of the company’s stock, valued at $11,667,734.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 772,263 shares of company stock valued at $17,256,670. Insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in shares of Levi Strauss & Co. by 18.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock valued at $20,601,000 after acquiring an additional 196,270 shares during the period. Vanguard Group Inc. increased its position in shares of Levi Strauss & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 8,294,342 shares of the blue-jean maker’s stock valued at $112,637,000 after acquiring an additional 90,776 shares during the period. Seven Eight Capital LP purchased a new position in shares of Levi Strauss & Co. in the fourth quarter valued at about $1,361,000. Trexquant Investment LP purchased a new position in shares of Levi Strauss & Co. in the third quarter valued at about $2,834,000. Finally, Allianz Asset Management GmbH increased 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 during the period. 69.14% of the stock is owned by institutional investors.

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.