Levi Strauss & Co. (NYSE:LEVI) Price Target Lowered to $25.00 at Stifel Nicolaus

Levi Strauss & Co. (NYSE:LEVI) had its target price dropped by Stifel Nicolaus from $28.00 to $25.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 18.76% from the stock’s current price.

LEVI has been the topic of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a report on Friday, September 27th. OTR Global began coverage on shares of Levi Strauss & Co. in a report on Friday, June 14th. They set a “positive” rating on the stock. JPMorgan Chase & Co. reduced their price target on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. TD Cowen reduced their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Bank of America increased their price target on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.88.

Levi Strauss & Co. Stock Down 2.9 %

Shares of LEVI opened at $21.05 on Thursday. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $24.34. The firm’s 50 day moving average is $19.11 and its 200-day moving average is $20.34. The stock has a market capitalization of $8.37 billion, a PE ratio of 60.14, a P/E/G ratio of 1.19 and a beta of 1.14. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The company had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts forecast that Levi Strauss & Co. will post 1.25 EPS for the current year.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now directly owns 158,344 shares in the company, valued at $2,886,611.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the sale, the director now directly owns 158,344 shares of the company’s stock, valued at $2,886,611.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the sale, the director now directly owns 229,176 shares in the company, valued at $4,583,520. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,334 shares of company stock worth $655,765. Corporate insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Levi Strauss & Co. by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker’s stock worth $138,794,000 after acquiring an additional 97,043 shares during the period. Goldman Sachs Group Inc. lifted its stake 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 worth $20,601,000 after acquiring an additional 196,270 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Levi Strauss & Co. by 230.0% in the first quarter. BNP Paribas Financial Markets now owns 56,934 shares of the blue-jean maker’s stock worth $1,138,000 after acquiring an additional 39,683 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Levi Strauss & Co. in the second quarter worth approximately $8,552,000. Finally, Seven Eight Capital LP acquired a new position in shares of Levi Strauss & Co. in the fourth quarter worth approximately $1,361,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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.