Levi Strauss & Co. (NYSE:LEVI) Given “Outperform” Rating at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $26.00 price objective on the blue-jean maker’s stock. Telsey Advisory Group’s price target would suggest a potential upside of 47.80% from the company’s previous close.

LEVI has been the topic of several other reports. TD Cowen cut their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Morgan Stanley lowered their price target on Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a research note on Tuesday. Stifel Nicolaus lowered their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Barclays began coverage on shares of Levi Strauss & Co. in a research report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock opened at $17.59 on Wednesday. The company has a market cap of $6.98 billion, a PE ratio of 46.29, a PEG ratio of 0.96 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1 year low of $15.16 and a 1 year high of $24.34. The company’s 50-day moving average is $17.27 and its two-hundred day moving average is $18.20.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 8,332 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the transaction, the director now owns 108,344 shares of the company’s stock, valued at approximately $1,950,192. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.14% of the stock is owned by insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of large investors have recently modified their holdings of LEVI. Brandes Investment Partners LP grew its holdings in Levi Strauss & Co. by 1.8% during the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock worth $824,000 after purchasing an additional 743 shares during the period. Hunter Perkins Capital Management LLC lifted its position in shares of Levi Strauss & Co. by 3.7% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock valued at $473,000 after acquiring an additional 765 shares during the period. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. during the third quarter worth about $27,000. nVerses Capital LLC increased its stake in Levi Strauss & Co. by 17.8% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock valued at $259,000 after acquiring an additional 1,800 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of Levi Strauss & Co. by 1.9% in the 3rd quarter. KBC Group NV now owns 113,550 shares of the blue-jean maker’s stock valued at $2,475,000 after purchasing an additional 2,117 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.