Levi Strauss & Co. (NYSE:LEVI) Receives Average Recommendation of “Moderate Buy” from Analysts

Levi Strauss & Co. (NYSE:LEVI) has received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $26.4615.

A number of equities analysts recently issued reports on LEVI shares. Barclays increased their target price on Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Morgan Stanley raised their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. BTIG Research started coverage on shares of Levi Strauss & Co. in a research report on Tuesday, October 14th. They set a “buy” rating and a $27.00 target price for the company. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, October 10th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Levi Strauss & Co. by 3.2% during the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after buying an additional 277,835 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in Levi Strauss & Co. by 9.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock worth $80,564,000 after acquiring an additional 294,053 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Levi Strauss & Co. by 83.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock worth $36,208,000 after acquiring an additional 890,752 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Levi Strauss & Co. by 27.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,909,810 shares of the blue-jean maker’s stock valued at $44,499,000 after purchasing an additional 416,555 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Levi Strauss & Co. by 9.2% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,908,682 shares of the blue-jean maker’s stock valued at $44,472,000 after buying an additional 160,855 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Down 1.1%

Shares of NYSE:LEVI opened at $21.58 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.82. The business’s 50 day simple moving average is $21.44 and its two-hundred day simple moving average is $21.46. The firm has a market cap of $8.43 billion, a P/E ratio of 14.20, a PEG ratio of 1.47 and a beta of 1.33.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.