Telsey Advisory Group Reaffirms Outperform Rating for Levi Strauss & Co. (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $27.00 target price on the blue-jean maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 25.12% from the stock’s current price.

LEVI has been the subject of a number of other research reports. Barclays lifted their price objective on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, September 26th. Stifel Nicolaus raised their target price on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. lifted 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 note on Friday, October 10th. Bank of America increased their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen upgraded Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.46.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $21.58 on Wednesday. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.47 and a beta of 1.33. The business’s fifty day simple moving average is $21.44 and its two-hundred day simple moving average is $21.46. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Figure 8 Investment Strategies LLC lifted its position in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Figure 8 Investment Strategies LLC now owns 50,939 shares of the blue-jean maker’s stock valued at $1,056,000 after buying an additional 583 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Levi Strauss & Co. by 10.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock worth $151,000 after buying an additional 614 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Levi Strauss & Co. by 2.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,732 shares of the blue-jean maker’s stock worth $575,000 after acquiring an additional 638 shares in the last quarter. US Bancorp DE lifted its position in Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.