Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $24.00

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its target price boosted by research analysts at Stifel Nicolaus from $20.00 to $24.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the blue-jean maker's stock. Stifel Nicolaus' target price suggests a potential upside of 12.36% from the company's previous close.

A number of other analysts also recently issued reports on the stock. Morgan Stanley raised their price target on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday. Telsey Advisory Group increased their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday. Wells Fargo & Company lifted their target price on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays boosted 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 note on Wednesday, May 21st. Finally, Citigroup restated a "neutral" rating and issued a $19.00 price target (up from $14.00) on shares of Levi Strauss & Co. in a research note on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.18.

Levi Strauss & Co. Stock Down 2.7%

NYSE LEVI traded down $0.59 during mid-day trading on Friday, reaching $21.36. The stock had a trading volume of 4,807,429 shares, compared to its average volume of 2,217,069. The stock has a market cap of $8.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $22.39. 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 company has a fifty day moving average price of $17.90 and a 200 day moving average price of $17.15.

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

Several institutional investors and hedge funds have recently bought and sold shares of LEVI. Golden State Wealth Management LLC increased its position 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 worth $34,000 after buying an additional 1,113 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Levi Strauss & Co. during the 1st quarter valued at approximately $38,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Levi Strauss & Co. by 35.4% during 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 acquiring an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 worth $51,000 after acquiring an additional 1,879 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $57,000. 69.14% of the stock is currently owned by hedge funds and other 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.