Telsey Advisory Group Reaffirms Outperform Rating for Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI - Get Free Report)'s stock had its "outperform" rating reiterated by Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $23.00 target price on the blue-jean maker's stock. Telsey Advisory Group's target price would suggest a potential upside of 72.80% from the company's previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Guggenheim boosted their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Citigroup cut their target price on 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. Finally, UBS Group reduced their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and an average price target of $20.82.

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Levi Strauss & Co. Stock Performance

NYSE:LEVI traded down $0.58 during trading hours on Wednesday, reaching $13.31. 2,106,175 shares of the company's stock were exchanged, compared to its average volume of 2,073,437. Levi Strauss & Co. has a 1-year low of $12.86 and a 1-year high of $24.34. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a 50-day moving average of $17.20 and a 200 day moving average of $17.68.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. Research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now owns 100,012 shares in the company, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.25% of the company's stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors have recently added to or reduced their stakes in LEVI. Charles Schwab Investment Management Inc. grew its holdings in Levi Strauss & Co. by 19.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker's stock valued at $16,383,000 after purchasing an additional 152,590 shares during the period. XTX Topco Ltd acquired a new position in shares of Levi Strauss & Co. in the 3rd quarter valued at $832,000. Entropy Technologies LP acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $511,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at $1,415,000. Finally, American Century Companies Inc. increased its holdings in shares of Levi Strauss & Co. by 15.8% during the 4th quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock worth $27,823,000 after buying an additional 219,546 shares during the last quarter. 69.14% of the stock is currently 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.