Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $25.00 at Wells Fargo & Company

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective increased by equities research analysts at Wells Fargo & Company from $22.00 to $25.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the blue-jean maker's stock. Wells Fargo & Company's price objective would indicate a potential upside of 17.51% from the company's previous close.

A number of other equities research analysts have also weighed in on the company. Bank of America boosted their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Friday. Citigroup reiterated a "neutral" rating and issued a $19.00 price objective (up previously from $14.00) on shares of Levi Strauss & Co. in a report on Wednesday, May 21st. Telsey Advisory Group raised their price target on Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Friday. JPMorgan Chase & Co. raised Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $19.00 to $17.00 in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their target price on Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.64.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $21.27 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.50 and a quick ratio of 0.89. The business has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $17.12. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $21.96. The company has a market capitalization of $8.42 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.83 and a beta of 1.15.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its 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 during 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.16 earnings per share. On average, analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its stake 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 worth $34,000 after buying an additional 1,113 shares during the last quarter. IFP Advisors Inc purchased a new position in Levi Strauss & Co. during the first quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Levi Strauss & Co. by 35.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after purchasing an additional 812 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Levi Strauss & Co. during the 4th quarter worth about $57,000. 69.14% of the stock is 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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