Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $23.00

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective lifted by investment analysts at JPMorgan Chase & Co. from $18.00 to $23.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the blue-jean maker's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 4.93% from the company's previous close.

Several other research firms have also commented on LEVI. Stifel Nicolaus upped their price target on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the company a "buy" rating in a report on Friday. Telsey Advisory Group increased their target price on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday. Morgan Stanley increased their target price on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Citigroup reissued a "neutral" rating and set a $19.00 target price (up from $14.00) on shares of Levi Strauss & Co. in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.55.

Levi Strauss & Co. Stock Up 11.1%

Shares of LEVI stock traded up $2.19 during trading hours on Friday, reaching $21.92. 13,116,113 shares of the company's stock were exchanged, compared to its average volume of 2,190,939. The stock's 50 day moving average is $17.79 and its 200-day moving average is $17.12. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.83 and a beta of 1.15. The company has a current ratio of 1.50, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $22.18.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC boosted its holdings in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after acquiring an additional 1,113 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after acquiring an additional 812 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after acquiring an additional 1,879 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at about $57,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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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