Levi Strauss & Co. (NYSE:LEVI) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price target boosted by research analysts at Telsey Advisory Group from $21.00 to $24.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm currently has an "outperform" rating on the blue-jean maker's stock. Telsey Advisory Group's target price suggests a potential upside of 21.58% from the company's previous close.

Other equities research analysts also recently issued research reports about the stock. Barclays lifted their price target on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Stifel Nicolaus dropped their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America lifted their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Wells Fargo & Company boosted their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $19.00 to $17.00 in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $20.82.

Levi Strauss & Co. Stock Up 1.8%

Shares of NYSE LEVI opened at $19.74 on Friday. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $21.95. The firm's 50 day moving average price is $17.79 and its 200 day moving average price is $17.12. The firm has a market cap of $7.81 billion, a P/E ratio of 22.18, a price-to-earnings-growth ratio of 1.83 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.89 and a current ratio of 1.50.

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 for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. Levi Strauss & Co. had a net margin of 5.63% and a return on equity of 28.11%. Levi Strauss & Co.'s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. As a group, sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds have recently made changes to their positions in the business. Golden State Wealth Management LLC grew 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 valued at $34,000 after buying an additional 1,113 shares in the last quarter. IFP Advisors Inc bought a new position in Levi Strauss & Co. during the first quarter worth $38,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after purchasing an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock worth $51,000 after purchasing an additional 1,879 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Levi Strauss & Co. during the fourth quarter worth $57,000. 69.14% of the stock is owned by institutional investors.

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.

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