Citigroup Issues Positive Forecast for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price target hoisted by analysts at Citigroup from $19.00 to $22.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the blue-jean maker's stock. Citigroup's price target points to a potential upside of 0.41% from the company's current price.

Several other equities research analysts have also recently issued reports on LEVI. Telsey Advisory Group boosted their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America boosted their target price on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday. Morgan Stanley upped their price objective on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Stifel Nicolaus upped their price objective on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the company a "buy" rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.82.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded up $2.18 on Friday, hitting $21.91. 13,470,780 shares of the stock traded hands, compared to its average volume of 2,491,178. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 1.83 and a beta of 1.15. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $22.19. The firm has a 50 day simple moving average of $17.79 and a two-hundred day simple moving average of $17.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.50 and a quick ratio of 0.89.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a net margin of 5.63% and a return on equity of 28.11%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $0.16 EPS. Levi Strauss & Co.'s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of Levi Strauss & Co. by 1,180,700.0% in the second quarter. Farther Finance Advisors LLC now owns 11,808 shares of the blue-jean maker's stock valued at $218,000 after buying an additional 11,807 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at approximately $483,000. Baader Bank Aktiengesellschaft raised its position in Levi Strauss & Co. by 80.1% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 21,330 shares of the blue-jean maker's stock valued at $394,000 after buying an additional 9,485 shares during the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $432,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of Levi Strauss & Co. by 24.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 25,966 shares of the blue-jean maker's stock worth $480,000 after purchasing an additional 5,098 shares during the last quarter. Institutional investors own 69.14% of the company's stock.

About Levi Strauss & Co.

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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