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

Telsey Advisory Group reaffirmed their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note issued to investors on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $26.00 price target on the blue-jean maker’s stock.

A number of other brokerages have also weighed in on LEVI. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Morgan Stanley cut their price target on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday. Citigroup reduced their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. TD Cowen lowered their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report 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 for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $17.61 on Wednesday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average is $17.29 and its two-hundred day moving average is $18.20. Levi Strauss & Co. has a twelve month low of $15.16 and a twelve month high of $24.34. The firm has a market capitalization of $6.99 billion, a PE ratio of 46.35, a P/E/G ratio of 0.96 and a beta of 1.16.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds have recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $27,000. Quarry LP acquired a new position in Levi Strauss & Co. in the 2nd quarter valued at $56,000. Matrix Trust Co lifted its stake in shares of Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Levi Strauss & Co. by 32.9% in the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock valued at $209,000 after purchasing an additional 2,998 shares during the period. 69.14% of the stock is 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.