Analysts Set Levi Strauss & Co. (NYSE:LEVI) Target Price at $35.00

Levi Strauss & Co. (NYSE:LEVI) has been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.00.

Several research firms have recently issued reports on LEVI. Zacks Investment Research cut Levi Strauss & Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, December 8th. TheStreet raised Levi Strauss & Co. from a “c” rating to a “b-” rating in a research note on Monday, November 15th.

Shares of LEVI traded down $0.14 during mid-day trading on Friday, hitting $23.10. 1,536,901 shares of the company’s stock traded hands, compared to its average volume of 1,789,280. The company has a quick ratio of 1.32, a current ratio of 1.83 and a debt-to-equity ratio of 0.77. Levi Strauss & Co. has a 1 year low of $19.25 and a 1 year high of $30.84. The firm has a market capitalization of $9.29 billion, a P/E ratio of 20.40 and a beta of 1.12. The business’s 50-day moving average price is $25.51 and its 200-day moving average price is $26.24.

In related news, Director David A. Friedman sold 33,333 shares of the company’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $24.80, for a total value of $826,658.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Patricia Salas Pineda sold 23,796 shares of the stock in a transaction on Monday, November 15th. The stock was sold at an average price of $27.50, for a total value of $654,390.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,686 shares of company stock worth $2,386,883. 5.77% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new stake in shares of Levi Strauss & Co. in the third quarter worth $25,000. Banque Cantonale Vaudoise bought a new position in shares of Levi Strauss & Co. during the third quarter valued at $43,000. US Bancorp DE lifted its holdings in shares of Levi Strauss & Co. by 619.7% during the second quarter. US Bancorp DE now owns 2,116 shares of the blue-jean maker’s stock valued at $58,000 after purchasing an additional 1,822 shares in the last quarter. Psagot Value Holdings Ltd. bought a new position in shares of Levi Strauss & Co. during the third quarter valued at $74,000. Finally, NEXT Financial Group Inc lifted its holdings in shares of Levi Strauss & Co. by 787.7% during the third quarter. NEXT Financial Group Inc now owns 3,107 shares of the blue-jean maker’s stock valued at $76,000 after purchasing an additional 2,757 shares in the last quarter. 20.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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