Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $18.00 by Analysts at Morgan Stanley

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective decreased by stock analysts at Morgan Stanley from $19.00 to $18.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the blue-jean maker's stock. Morgan Stanley's price objective would indicate a potential upside of 2.33% from the stock's current price.

Several other equities analysts have also recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Citigroup cut their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Finally, Barclays initiated 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 for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $22.30.

Levi Strauss & Co. Stock Up 1.3 %

NYSE:LEVI traded up $0.22 during trading hours on Tuesday, reaching $17.59. The company had a trading volume of 2,577,770 shares, compared to its average volume of 1,563,339. Levi Strauss & Co. has a twelve month low of $15.16 and a twelve 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 firm has a market cap of $6.98 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 0.96 and a beta of 1.16. The business's 50-day simple moving average is $17.27 and its two-hundred day simple moving average is $18.20.

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 that occurred on Monday, January 6th. The stock was 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 directly owns 104,178 shares of the company's stock, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors have recently bought and sold shares of the company. Brandes Investment Partners LP boosted its position in shares of Levi Strauss & Co. by 1.8% in the 2nd quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker's stock worth $824,000 after buying an additional 743 shares in the last quarter. Hunter Perkins Capital Management LLC increased its stake in shares of Levi Strauss & Co. by 3.7% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker's stock valued at $473,000 after acquiring an additional 765 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the third quarter worth approximately $27,000. 272 Capital LP purchased a new stake in Levi Strauss & Co. in the second quarter valued at approximately $35,000. Finally, nVerses Capital LLC raised its stake in Levi Strauss & Co. by 17.8% during the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker's stock worth $259,000 after purchasing an additional 1,800 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.