Telsey Advisory Group Forecasts Strong Price Appreciation for Levi Strauss & Co. (NYSE:LEVI) Stock

Key Points

• Telsey Advisory Group has increased its target price for Levi Strauss & Co. from $24.00 to $27.00, predicting a potential upside of 10.62% from the current price.
• Multiple analysts, including Bank of America and Needham & Company, have given buy ratings for the stock, indicating a strong consensus for positive performance.
• Levi Strauss reported earnings of $0.22 per share for its latest quarter, surpassing expectations and showing a revenue increase of 6.4% year-over-year.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its target price boosted by equities research analysts at Telsey Advisory Group from $24.00 to $27.00 in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm currently has an "outperform" rating on the blue-jean maker's stock. Telsey Advisory Group's price target points to a potential upside of 10.62% from the company's current price.

Several other equities analysts have also recently issued reports on LEVI. Bank of America boosted their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the company a "buy" rating in a report on Wednesday. Needham & Company LLC assumed coverage on Levi Strauss & Co. in a research note on Thursday, September 25th. They set a "buy" rating and a $28.00 price objective for the company. Morgan Stanley upped their price target on Levi Strauss & Co. from $16.00 to $19.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. upped their price target on Levi Strauss & Co. from $18.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus upped their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a "buy" rating in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $25.00.

Levi Strauss & Co. Trading Up 0.0%

LEVI opened at $24.41 on Friday. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.61. The stock's fifty day moving average is $21.70 and its two-hundred day moving average is $18.75. The company has a market capitalization of $9.66 billion, a P/E ratio of 23.93, a PEG ratio of 1.96 and a beta of 1.30. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business posted $0.16 EPS. The business's revenue was up 6.4% compared to the same quarter last year. Analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently modified their holdings of LEVI. Northwestern Mutual Wealth Management Co. raised its position in shares of Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 833 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of Levi Strauss & Co. by 101.5% during 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 buying an additional 1,113 shares during the period. IFP Advisors Inc purchased a new stake in shares of Levi Strauss & Co. during the 1st quarter valued at $38,000. Hara Capital LLC boosted its position in Levi Strauss & Co. by 8,080.0% during the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker's stock worth $38,000 after purchasing an additional 2,020 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in 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 worth $49,000 after purchasing an additional 812 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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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