Levi Strauss & Co. (NYSE:LEVI) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.89.

Several equities analysts have recently weighed in on LEVI shares. Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. TD Cowen lowered their price target 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. Barclays began coverage on shares of Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an "overweight" rating and a $24.00 price objective for the company. Telsey Advisory Group restated an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the transaction, the director now owns 104,178 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Insiders own 3.14% of the company's stock.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently bought and sold shares of LEVI. Point72 Asset Management L.P. acquired a new stake in Levi Strauss & Co. in the second quarter valued at approximately $8,552,000. Davidson Kempner Capital Management LP purchased a new position in Levi Strauss & Co. in 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 about $482,000. Aigen Investment Management LP bought a new position in shares of Levi Strauss & Co. in the third quarter worth $1,673,000. Finally, Armistice Capital LLC bought a new position in shares of Levi Strauss & Co. in the second quarter valued at approximately $6,690,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Down 1.2 %

NYSE:LEVI opened at $17.64 on Monday. The company has a market cap of $7.00 billion, a P/E ratio of 46.42, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a twelve month low of $14.87 and a twelve month high of $24.34. The business has a 50 day moving average price of $17.20 and a two-hundred day moving average price of $18.32. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.

Levi Strauss & Co. Company Profile

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.