TD Cowen Trims Levi Strauss & Co. (NYSE:LEVI) Target Price to $25.00

Levi Strauss & Co. (NYSE:LEVI) had its price target reduced by TD Cowen from $26.00 to $25.00 in a research note issued to investors on Friday, Benzinga reports. TD Cowen currently has a buy rating on the blue-jean maker’s stock.

Several other analysts also recently weighed in on the company. Telsey Advisory Group reiterated an outperform rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research note on Friday. OTR Global assumed coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They set a positive rating for the company. Stifel Nicolaus upped their price objective on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a report on Monday, June 24th. Bank of America raised their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a neutral rating in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Levi Strauss & Co. has a consensus rating of Moderate Buy and an average price target of $23.25.

Levi Strauss & Co. Trading Up 0.9 %

NYSE LEVI opened at $21.65 on Friday. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34. The company has a fifty day simple moving average of $18.90 and a two-hundred day simple moving average of $20.28. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. The stock has a market cap of $8.61 billion, a P/E ratio of 61.86, a P/E/G ratio of 1.19 and a beta of 1.14.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares in the company, valued at approximately $2,952,508.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the sale, the director now owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now owns 229,176 shares of the company’s stock, valued at $4,583,520. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,334 shares of company stock worth $655,765. Company insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. 272 Capital LP purchased a new stake in shares of Levi Strauss & Co. during the second quarter worth $35,000. Quarry LP acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at about $56,000. Headlands Technologies LLC purchased a new position in Levi Strauss & Co. in the 2nd quarter worth approximately $135,000. nVerses Capital LLC acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $195,000. Finally, Susquehanna International Securities Ltd. purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $239,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.