Citigroup Lowers Levi Strauss & Co. (NYSE:LEVI) Price Target to $14.00

Levi Strauss & Co. (NYSE:LEVI) had its price target reduced by equities researchers at Citigroup from $19.00 to $14.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the blue-jean maker’s stock. Citigroup’s target price suggests a potential upside of 4.44% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group restated an “outperform” rating and issued a $23.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 2nd. Barclays lowered their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Guggenheim boosted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.82.

Levi Strauss & Co. Stock Down 3.5 %

Shares of NYSE:LEVI traded down $0.49 on Monday, reaching $13.41. The company had a trading volume of 1,660,634 shares, compared to its average volume of 2,071,750. The stock has a 50-day moving average price of $17.20 and a 200 day moving average price of $17.68. Levi Strauss & Co. has a twelve month low of $12.86 and a twelve month high of $24.34. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $5.31 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the sale, the director now directly owns 100,012 shares of the company’s stock, valued at $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.25% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its stake in shares of Levi Strauss & Co. by 274.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 33,657 shares of the blue-jean maker’s stock worth $734,000 after purchasing an additional 24,669 shares during the period. Stifel Financial Corp raised its position in Levi Strauss & Co. by 73.9% in the third quarter. Stifel Financial Corp now owns 149,947 shares of the blue-jean maker’s stock worth $3,269,000 after acquiring an additional 63,718 shares during the period. XTX Topco Ltd purchased a new position in Levi Strauss & Co. in the third quarter valued at about $832,000. Geode Capital Management LLC grew its position in shares of Levi Strauss & Co. by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock valued at $24,512,000 after acquiring an additional 20,870 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of Levi Strauss & Co. by 11.2% during the 3rd quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock worth $3,635,000 after purchasing an additional 16,785 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.