Citigroup Has Lowered Expectations for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI - Free Report) had its price objective cut by Citigroup from $21.00 to $19.00 in a report issued on Friday morning,Benzinga reports. They currently have a neutral rating on the blue-jean maker's stock.

LEVI has been the topic of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. TD Cowen reduced 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 report on Thursday, October 3rd. Stifel Nicolaus reduced their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Barclays started coverage on shares of Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an "overweight" rating and a $24.00 target price on the stock. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.50.

Levi Strauss & Co. Price Performance

LEVI stock traded down $0.21 during mid-day trading on Friday, hitting $17.37. The company had a trading volume of 1,397,789 shares, compared to its average volume of 1,136,090. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 45.70, a P/E/G ratio of 0.97 and a beta of 1.16. Levi Strauss & Co. has a 12-month low of $15.10 and a 12-month high of $24.34. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $17.25 and a 200 day moving average price of $18.23.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now directly owns 108,344 shares in the company, valued at $1,950,192. This represents a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds have recently added to or reduced their stakes in LEVI. Point72 Asset Management L.P. purchased a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $8,552,000. Davidson Kempner Capital Management LP purchased a new stake in Levi Strauss & Co. during the second quarter valued at approximately $3,219,000. Shellback Capital LP purchased a new stake in Levi Strauss & Co. during the second quarter valued at approximately $482,000. Aigen Investment Management LP purchased a new position in shares of Levi Strauss & Co. in the third quarter worth $1,673,000. Finally, Armistice Capital LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth $6,690,000. 69.14% of the stock is currently owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.