Levi Strauss & Co. (NYSE:LEVI) Earns Outperform Rating from Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $21.00 price target on the blue-jean maker's stock. Telsey Advisory Group's price target indicates a potential upside of 10.56% from the company's previous close.

Several other research firms also recently issued reports on LEVI. Morgan Stanley dropped their price objective on Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Barclays raised their price objective on Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upgraded shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. 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 report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.55.

Levi Strauss & Co. Stock Down 1.2%

Shares of LEVI stock traded down $0.24 on Thursday, hitting $19.00. The stock had a trading volume of 1,592,794 shares, compared to its average volume of 2,120,774. The stock's 50 day moving average is $17.43 and its 200-day moving average is $17.04. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.81 and a beta of 1.15. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $21.95. 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 earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 28.11% and a net margin of 5.63%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm earned $0.26 earnings per share. The company's revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEVI. Bayforest Capital Ltd acquired a new position in shares of Levi Strauss & Co. during the first quarter valued at $402,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker's stock valued at $24,908,000 after buying an additional 52,332 shares during the period. Aristeia Capital L.L.C. bought a new stake in shares of Levi Strauss & Co. during the 1st quarter worth about $516,000. Caxton Associates LLP bought a new stake in shares of Levi Strauss & Co. during the 1st quarter worth about $241,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of Levi Strauss & Co. by 3.2% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 118,105 shares of the blue-jean maker's stock worth $1,841,000 after acquiring an additional 3,633 shares during the period. 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.