Levi Strauss & Co. (NYSE:LEVI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.50.

Several analysts have issued reports on LEVI shares. TD Cowen dropped their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Finally, Citigroup dropped their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the sale, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the 3rd quarter worth $27,000. 272 Capital LP acquired a new stake in Levi Strauss & Co. during the second quarter worth about $35,000. Quarry LP acquired a new stake in Levi Strauss & Co. during the second quarter worth about $56,000. Matrix Trust Co increased its holdings in Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after buying an additional 4,800 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after buying an additional 4,966 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Down 1.2 %

Levi Strauss & Co. stock opened at $17.37 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The company’s 50-day moving average is $17.25 and its 200-day moving average is $18.24. The firm has a market capitalization of $6.89 billion, a PE ratio of 45.70, a P/E/G ratio of 0.97 and a beta of 1.16. Levi Strauss & Co. has a fifty-two week low of $15.10 and a fifty-two week high of $24.34.

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.