Levi Strauss & Co.’s (LEVI) Outperform Rating Reiterated at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday, Benzinga reports. They currently have a $26.00 target price on the blue-jean maker’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 21.44% from the company’s previous close.

A number of other brokerages have also weighed in on LEVI. Stifel Nicolaus raised their target price on Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Monday, June 24th. OTR Global began coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They set a “positive” rating on the stock. Bank of America upped their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. TD Cowen increased their target price on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. dropped their target price on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.38.

Levi Strauss & Co. Stock Down 0.2 %

NYSE:LEVI traded down $0.05 during mid-day trading on Friday, reaching $21.41. The stock had a trading volume of 314,449 shares, compared to its average volume of 2,184,363. The business’s 50 day moving average is $18.83 and its 200 day moving average is $20.24. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $24.34. The stock has a market cap of $8.51 billion, a P/E ratio of 61.17, a PEG ratio of 1.19 and a beta of 1.14. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.42 and a quick ratio of 0.77.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Levi Strauss & Co. had a return on equity of 23.21% and a net margin of 2.34%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.25 earnings per share for the current year.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred 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 sale, the director now owns 158,344 shares of the company’s stock, valued at $2,886,611.12. 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, 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 value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, 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. Insiders sold a total of 37,500 shares of company stock worth $736,461 over the last 90 days. Corporate insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors have recently modified their holdings of LEVI. 272 Capital LP purchased a new stake in Levi Strauss & Co. in the second quarter valued at $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $56,000. Headlands Technologies LLC purchased a new position in shares of Levi Strauss & Co. during the second quarter valued at approximately $135,000. nVerses Capital LLC purchased a new position in shares of Levi Strauss & Co. during the second quarter valued at approximately $195,000. Finally, Susquehanna International Securities Ltd. purchased a new position in Levi Strauss & Co. during the second quarter worth approximately $239,000. 69.14% of the stock is owned by hedge funds and other 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.