Brokerages Set Levi Strauss & Co. (LEVI) Target Price at $25.14

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Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $25.14.

Several analysts recently commented on LEVI shares. Telsey Advisory Group started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Bank of America started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “neutral” rating and a $25.00 target price on the stock. Guggenheim started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “buy” rating and a $26.00 target price on the stock. JPMorgan Chase & Co. started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued an “overweight” rating and a $26.00 target price on the stock. Finally, Citigroup started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “buy” rating and a $27.00 target price on the stock.

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 1,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.00, for a total value of $17,000,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David A. Friedman sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $17.00, for a total value of $2,550,000.00. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently modified their holdings of LEVI. Bank of Montreal Can acquired a new position in Levi Strauss & Co. in the first quarter valued at approximately $84,000. SG Americas Securities LLC acquired a new position in Levi Strauss & Co. in the first quarter valued at approximately $619,000. Peregrine Asset Advisers Inc. acquired a new position in Levi Strauss & Co. in the first quarter valued at approximately $2,658,000. Janus Henderson Group PLC acquired a new position in shares of Levi Strauss & Co. during the first quarter worth approximately $589,000. Finally, Banque Pictet & Cie SA acquired a new position in shares of Levi Strauss & Co. during the first quarter worth approximately $212,000. 0.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:LEVI traded up $0.21 during midday trading on Friday, hitting $22.59. 5,327 shares of the stock were exchanged, compared to its average volume of 1,169,952. Levi Strauss & Co. has a 12 month low of $21.24 and a 12 month high of $24.50.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Tuesday, April 9th. The blue-jean maker reported $0.38 EPS for the quarter. The company had revenue of $1.43 billion during the quarter. As a group, sell-side analysts anticipate that Levi Strauss & Co. will post 1.08 earnings per share for the current year.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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

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