Levi Strauss & Co. (NYSE:LEVI) Now Covered by Barclays

Equities researchers at Barclays began coverage on shares of Levi Strauss & Co. (NYSE:LEVI - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set an "overweight" rating and a $24.00 price target on the blue-jean maker's stock. Barclays's target price would suggest a potential upside of 34.08% from the company's previous close.

Several other brokerages have also recently commented on LEVI. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Stifel Nicolaus decreased their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. 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 report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.89.

Levi Strauss & Co. Stock Up 1.3 %

NYSE:LEVI traded up $0.23 on Wednesday, hitting $17.90. 1,614,109 shares of the company's stock were exchanged, compared to its average volume of 1,394,781. The firm has a 50-day moving average price of $17.16 and a 200-day moving average price of $18.40. Levi Strauss & Co. has a 52 week low of $14.87 and a 52 week high of $24.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The company has a market cap of $7.10 billion, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16.

Insiders Place Their Bets

In other Levi Strauss & Co. 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 sale, the director now owns 104,178 shares of the company's stock, valued at $1,875,204. The trade was a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.14% of the company's stock.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors have recently made changes to their positions in LEVI. Asset Management One Co. Ltd. bought a new position in Levi Strauss & Co. in the 3rd quarter valued at about $27,000. 272 Capital LP acquired a new position in Levi Strauss & Co. during the second quarter valued at approximately $35,000. Quarry LP bought a new stake in Levi Strauss & Co. during the second quarter worth $56,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock valued at $112,000 after purchasing an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $135,000. 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.