Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective cut by investment analysts at Wells Fargo & Company from $20.00 to $17.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the blue-jean maker's stock. Wells Fargo & Company's price objective would indicate a potential downside of 8.87% from the stock's previous close.
LEVI has been the subject of several other research reports. Morgan Stanley reduced their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday. Stifel Nicolaus lowered their price target on shares of 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 objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. Barclays initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an "overweight" rating and a $24.00 target price for the company. Finally, Guggenheim reissued a "buy" rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a research report on Friday, January 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and an average target price of $21.27.
View Our Latest Report on Levi Strauss & Co.
Levi Strauss & Co. Stock Down 2.0 %
Shares of NYSE LEVI traded down $0.38 during trading on Thursday, hitting $18.65. 2,906,792 shares of the company traded hands, compared to its average volume of 2,231,940. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The business's fifty day moving average is $17.61 and its 200 day moving average is $18.17. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 1.96 and a beta of 1.16. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) 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%. Equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.
Insider Activity
In related news, Director David A. Friedman sold 4,166 shares of the company's stock in a transaction 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 in the company, valued at approximately $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.14% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hunter Perkins Capital Management LLC raised its holdings 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 buying an additional 765 shares during the period. KBC Group NV lifted its holdings in Levi Strauss & Co. by 0.8% in the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock worth $1,980,000 after buying an additional 892 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. in the 3rd quarter valued at about $27,000. nVerses Capital LLC grew its stake in shares of 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 valued at $259,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 69.14% of the company's stock.
About Levi Strauss & Co.
(
Get Free Report)
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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