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

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price target boosted by investment analysts at Wells Fargo & Company from $22.00 to $25.00 in a research note issued to investors on Friday, July 11th, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the blue-jean maker's stock. Wells Fargo & Company's price objective suggests a potential upside of 26.58% from the company's current price.

A number of other brokerages have also weighed in on LEVI. Bank of America raised their target price on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus cut their target price on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Barclays raised their target price on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Morgan Stanley lifted their price target on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. upgraded shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $19.00 to $17.00 in a report on Tuesday, April 8th. Two 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $23.45.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $19.75 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $22.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85. The firm has a market capitalization of $7.81 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.65 and a beta of 1.15. The company's 50 day moving average price is $18.77 and its two-hundred day moving average price is $17.43.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.16 earnings per share. The company's quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its holdings in 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 buying an additional 1,113 shares during the period. IFP Advisors Inc acquired a new position in Levi Strauss & Co. in the first quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 buying an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 buying an additional 1,879 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in Levi Strauss & Co. in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Company Profile

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.