Levi Strauss & Co. (NYSE:LEVI) Price Target Lowered to $22.00 at Barclays

Levi Strauss & Co. (NYSE:LEVI) had its price objective dropped by investment analysts at Barclays from $24.00 to $22.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the blue-jean maker’s stock. Barclays‘s price objective would suggest a potential upside of 21.49% from the stock’s current price.

LEVI has been the topic of a number of other research reports. Stifel Nicolaus reduced their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Citigroup lowered their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. TD Cowen reduced their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Guggenheim reaffirmed a “buy” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.36.

Levi Strauss & Co. Price Performance

LEVI stock opened at $18.11 on Thursday. The company has a market cap of $7.18 billion, a PE ratio of 47.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. 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 stock has a 50-day moving average price of $17.46 and a two-hundred day moving average price of $18.17. Levi Strauss & Co. has a 12-month low of $15.62 and a 12-month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. As a group, research analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the sale, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.14% of the stock is owned by corporate insiders.

Institutional Trading of Levi Strauss & Co.

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in Levi Strauss & Co. by 2,083.0% in the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after purchasing an additional 1,835,107 shares during the period. Quarry LP purchased a new position in Levi Strauss & Co. during the 2nd quarter worth approximately $56,000. Washington Capital Management Inc. lifted its holdings in shares of Levi Strauss & Co. by 69.7% in the third quarter. Washington Capital Management Inc. now owns 28,000 shares of the blue-jean maker’s stock valued at $610,000 after purchasing an additional 11,500 shares in the last quarter. Hunter Perkins Capital Management LLC grew its holdings in shares of Levi Strauss & Co. by 3.7% during the third quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock valued at $473,000 after buying an additional 765 shares in the last quarter. Finally, Twelve Points Wealth Management LLC boosted its position in Levi Strauss & Co. by 15.2% during the 3rd quarter. Twelve Points Wealth Management LLC now owns 49,514 shares of the blue-jean maker’s stock worth $1,079,000 after acquiring an additional 6,528 shares during the period. 69.14% of the stock is currently owned by 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.