Levi Strauss & Co. (NYSE:LEVI) Receives “Buy” Rating from Guggenheim

Guggenheim reiterated their buy rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a report issued on Friday,Benzinga reports. They currently have a $23.00 price objective on the blue-jean maker’s stock.

A number of other brokerages also recently weighed in on LEVI. Barclays assumed coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday. TD Cowen reduced their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday. Finally, Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and an average price target of $22.18.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $17.55 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The company has a market cap of $6.96 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The company has a 50 day moving average of $17.33 and a 200-day moving average of $18.18. Levi Strauss & Co. has a 1-year low of $15.16 and a 1-year high of $24.34.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares in the company, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new position in Levi Strauss & Co. during the third quarter worth $27,000. Quarry LP bought a new position in shares of Levi Strauss & Co. in the second quarter valued at $56,000. Matrix Trust Co grew its holdings in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after buying an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter worth about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after acquiring an additional 4,966 shares in the last quarter. 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.