Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its target price upped by stock analysts at Morgan Stanley from $16.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the blue-jean maker's stock. Morgan Stanley's price target would suggest a potential downside of 13.28% from the company's previous close.
A number of other research firms also recently issued reports on LEVI. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Citigroup reissued 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. Barclays raised their price objective on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Bank of America lifted their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Wells Fargo & Company lifted their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $22.82.
View Our Latest Analysis on Levi Strauss & Co.
Levi Strauss & Co. Stock Up 11.0%
Shares of Levi Strauss & Co. stock traded up $2.18 during trading on Friday, hitting $21.91. The company's stock had a trading volume of 16,510,859 shares, compared to its average volume of 2,204,361. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.50. The company has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $17.15. The company has a market capitalization of $8.67 billion, a PE ratio of 21.48, a P/E/G ratio of 1.86 and a beta of 1.15. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $22.18.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.37 billion. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 29.22%. Levi Strauss & Co.'s revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. Equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.
Institutional Trading of Levi Strauss & Co.
A number of hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd lifted its position in shares of Levi Strauss & Co. by 2.1% during the 1st quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker's stock valued at $512,000 after buying an additional 670 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 in the last quarter. Golden State Wealth Management LLC lifted its holdings in Levi Strauss & Co. by 101.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after purchasing an additional 1,113 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Levi Strauss & Co. by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker's stock valued at $254,000 after purchasing an additional 1,133 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Levi Strauss & Co. by 2.4% in the 4th quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker's stock valued at $937,000 after purchasing an additional 1,283 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.
Levi Strauss & Co. Company Profile
(
Get Free Report)
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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