Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $25.00 by Analysts at TD Cowen

Levi Strauss & Co. (NYSE:LEVI) had its price objective lowered by analysts at TD Cowen from $26.00 to $25.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the blue-jean maker’s stock. TD Cowen’s price objective points to a potential upside of 16.71% from the company’s previous close.

A number of other brokerages have also commented on LEVI. Bank of America raised their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. JPMorgan Chase & Co. dropped their target price on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Friday. Stifel Nicolaus upped their target price on Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Finally, OTR Global initiated coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They set a “positive” rating for the company. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock traded down $0.04 during trading hours on Friday, reaching $21.42. 361,694 shares of the stock traded hands, compared to its average volume of 2,184,615. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 61.20, a P/E/G ratio of 1.19 and a beta of 1.14. The company has a 50 day moving average price of $18.83 and a 200 day moving average price of $20.24. Levi Strauss & Co. has a one year low of $12.41 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. Levi Strauss & Co.’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 earnings per share. On average, equities research analysts expect that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $18.23, for a total value of $75,946.18. Following the sale, the director now directly owns 158,344 shares of the company’s stock, valued at approximately $2,886,611.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the sale, the director now owns 158,344 shares in the company, valued at $2,886,611.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 25,002 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now owns 229,176 shares in the company, valued at $4,583,520. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $736,461 over the last quarter. Corporate insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of large investors have recently made changes to their positions in LEVI. 272 Capital LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $35,000. Quarry LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $56,000. Headlands Technologies LLC acquired a new position in shares of Levi Strauss & Co. in the second quarter valued at approximately $135,000. nVerses Capital LLC bought a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $195,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $239,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.