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.
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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