UBS Group Raises Levi Strauss & Co. (NYSE:LEVI) Price Target to $28.00

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price objective upped by UBS Group from $20.00 to $28.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the blue-jean maker's stock. UBS Group's price objective indicates a potential upside of 33.91% from the company's previous close.

LEVI has been the topic of a number of other research reports. Bank of America increased their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company set a $25.00 target price on Levi Strauss & Co. and gave the stock an "overweight" rating in a report on Friday, July 11th. Citigroup increased their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Barclays reissued an "overweight" rating and issued a $24.00 price target (up previously from $20.00) on shares of Levi Strauss & Co. in a report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.45.

Levi Strauss & Co. Trading Down 0.7%

NYSE:LEVI traded down $0.15 on Friday, hitting $20.91. 2,441,178 shares of the stock were exchanged, compared to its average volume of 2,239,527. The stock has a market cap of $8.27 billion, a PE ratio of 20.50, a PEG ratio of 1.69 and a beta of 1.15. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $18.35 and a 200-day moving average of $17.28. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $22.35.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Levi Strauss & Co. by 19.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker's stock worth $16,383,000 after purchasing an additional 152,590 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Levi Strauss & Co. during the fourth quarter valued at about $7,180,000. Teacher Retirement System of Texas increased its stake in Levi Strauss & Co. by 87.6% during the first quarter. Teacher Retirement System of Texas now owns 53,967 shares of the blue-jean maker's stock valued at $841,000 after acquiring an additional 25,197 shares during the period. Savoir Faire Capital Management L.P. increased its stake in Levi Strauss & Co. by 55.6% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 188,714 shares of the blue-jean maker's stock valued at $3,265,000 after acquiring an additional 67,401 shares during the period. Finally, American Century Companies Inc. increased its stake in Levi Strauss & Co. by 15.8% during the fourth quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock valued at $27,823,000 after acquiring an additional 219,546 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

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.