Levi Strauss & Co. (NYSE:LEVI) Price Target Raised to $28.00

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) had its price target raised by equities researchers at UBS Group from $20.00 to $28.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the blue-jean maker's stock. UBS Group's price target would indicate a potential upside of 33.60% from the company's previous close.

Other research analysts have also recently issued reports about the stock. Telsey Advisory Group lifted their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Citigroup raised their price target on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a "neutral" rating in a research report on Friday, July 11th. Bank of America raised their price target on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Stifel Nicolaus raised their price target on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.45.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock traded up $0.22 on Friday, reaching $20.96. The stock had a trading volume of 1,366,751 shares, compared to its average volume of 2,238,161. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average is $18.35 and its two-hundred day moving average is $17.28. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.69 and a beta of 1.15. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $22.35.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its 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 net margin of 6.40% and a return on equity of 28.75%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $0.16 EPS. The business's revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position 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 purchasing an additional 133,978 shares in the last quarter. Wellington Management Group LLP boosted its position in 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 purchasing an additional 81,435 shares in the last quarter. Millennium Management LLC boosted its position in 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 purchasing an additional 1,226,205 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position 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 lifted its position 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 currently owned by hedge funds and other institutional investors.

About Levi Strauss & Co.

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.