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

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

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

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $21.65 on Friday. The firm has a market cap of $8.61 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $24.34. The business’s fifty day simple moving average is $18.90 and its 200-day simple moving average is $20.28.

Insider Activity at Levi Strauss & Co.

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

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently made changes to their positions in the business. 272 Capital LP purchased a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $35,000. Quarry LP purchased a new position in shares of Levi Strauss & Co. during the second quarter worth about $56,000. Headlands Technologies LLC acquired a new stake in shares of Levi Strauss & Co. during the second quarter worth about $135,000. nVerses Capital LLC purchased a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $195,000. Finally, Susquehanna International Securities Ltd. purchased a new stake in Levi Strauss & Co. in the second quarter valued at approximately $239,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.