Telsey Advisory Group Raises Levi Strauss & Co. (NYSE:LEVI) Price Target to $21.00

Levi Strauss & Co. (NYSE:LEVI) had its price target boosted by equities research analysts at Telsey Advisory Group from $19.00 to $21.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 20.27% from the company’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley cut their target price on Levi Strauss & Co. from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. Bank of America upgraded shares of Levi Strauss & Co. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Thursday, April 10th. Barclays dropped their price objective on Levi Strauss & Co. from $22.00 to $18.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Finally, Guggenheim increased their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.82.

Levi Strauss & Co. Stock Down 1.9%

Shares of LEVI stock opened at $17.46 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The company’s fifty day moving average price is $15.65 and its 200-day moving average price is $16.88. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. Sell-side analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd increased its position in shares of Levi Strauss & Co. by 2.1% during the 1st quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock worth $512,000 after purchasing an additional 670 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Levi Strauss & Co. by 35.4% in the first 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 last quarter. KBC Group NV raised its holdings in Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after buying an additional 892 shares during the last quarter. Golden State Wealth Management LLC grew its holdings 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 purchasing an additional 1,113 shares during the period. Finally, Cetera Investment Advisers boosted its position in Levi Strauss & Co. by 7.5% in the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock worth $254,000 after purchasing an additional 1,133 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

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.