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

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its target price increased by equities researchers at Stifel Nicolaus from $20.00 to $24.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the blue-jean maker's stock. Stifel Nicolaus' price objective suggests a potential upside of 9.54% from the company's previous close.

A number of other research analysts have also weighed in on LEVI. Bank of America raised their price objective on Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company raised their price objective on Levi Strauss & Co. from $22.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday. Telsey Advisory Group lifted their price target on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an "outperform" rating in a research report on Friday. Citigroup reiterated a "neutral" rating and issued a $19.00 price target (up previously from $14.00) on shares of Levi Strauss & Co. in a research report on Wednesday, May 21st. Finally, Morgan Stanley lifted their price target on Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $22.82.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI traded up $2.18 during midday trading on Friday, hitting $21.91. The company 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 current ratio of 1.50 and a quick ratio of 0.89. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 21.48, a PEG ratio of 1.86 and a beta of 1.15. Levi Strauss & Co. has a 12-month low of $12.17 and a 12-month high of $22.18. The company has a fifty day moving average of $17.90 and a two-hundred day moving average of $17.15.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a return on equity of 29.22% and a net margin of 6.40%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $0.16 EPS. Levi Strauss & Co.'s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Levi Strauss & Co. by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 8,824,983 shares of the blue-jean maker's stock worth $152,672,000 after acquiring an additional 133,978 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 6,673,056 shares of the blue-jean maker's stock worth $115,444,000 after buying an additional 81,435 shares during the period. Millennium Management LLC boosted its position in shares of Levi Strauss & Co. by 65.1% during the first quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker's stock worth $48,488,000 after buying an additional 1,226,205 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Levi Strauss & Co. by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,189,815 shares of the blue-jean maker's stock valued at $34,139,000 after acquiring an additional 273,247 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Levi Strauss & Co. by 53.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,916,568 shares of the blue-jean maker's stock valued at $33,157,000 after acquiring an additional 669,624 shares in the last quarter. 69.14% of the stock is 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.