Guggenheim reiterated their buy rating on shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $23.00 price target on the blue-jean maker's stock.
Other research analysts have also issued research reports about the stock. Citigroup cut their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday. Morgan Stanley cut their price objective on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, TD Cowen cut their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and an average price target of $22.18.
Check Out Our Latest Research Report on Levi Strauss & Co.
Levi Strauss & Co. Stock Performance
Levi Strauss & Co. stock traded down $0.27 during mid-day trading on Friday, reaching $17.55. 1,889,241 shares of the company traded hands, compared to its average volume of 1,215,273. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. Levi Strauss & Co. has a fifty-two week low of $15.16 and a fifty-two week high of $24.34. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 46.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The firm's fifty day moving average is $17.33 and its two-hundred day moving average is $18.18.
Insider Buying and Selling at Levi Strauss & Co.
In other news, Director David A. Friedman sold 4,166 shares of the firm'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 transaction, the director now directly owns 104,178 shares of the company's stock, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.14% of the company's stock.
Hedge Funds Weigh In On Levi Strauss & Co.
Several hedge funds and other institutional investors have recently modified their holdings of LEVI. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. during the third quarter worth about $27,000. Quarry LP acquired a new stake in Levi Strauss & Co. during the second quarter worth about $56,000. Matrix Trust Co increased its position in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after purchasing an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new stake in Levi Strauss & Co. during the fourth quarter worth about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock worth $112,000 after purchasing an additional 4,966 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.
About Levi Strauss & Co.
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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.
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