Levi Strauss & Co. (NYSE:LEVI) Earns Overweight Rating from Analysts at Barclays

Analysts at Barclays began coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $24.00 price target on the blue-jean maker’s stock. Barclays‘s price target points to a potential upside of 34.08% from the stock’s previous close.

LEVI has been the topic of a number of other reports. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. TD Cowen reduced their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus dropped their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.89.

Levi Strauss & Co. Trading Up 1.3 %

NYSE LEVI opened at $17.90 on Wednesday. The stock has a market cap of $7.10 billion, a PE ratio of 47.11, a PEG ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a 12 month low of $14.87 and a 12 month high of $24.34. The company’s 50-day moving average price is $17.17 and its 200-day moving average price is $18.39. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the transaction, the director now directly owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEVI. FMR LLC raised its stake in Levi Strauss & Co. by 44.6% in the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after buying an additional 2,907,099 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Levi Strauss & Co. by 2,083.0% during the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after acquiring an additional 1,835,107 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Levi Strauss & Co. by 59.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock valued at $33,907,000 after purchasing an additional 579,460 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in Levi Strauss & Co. by 2,070.8% in the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after purchasing an additional 1,365,574 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 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.