Levi Strauss & Co. (NYSE:LEVI) Coverage Initiated at Barclays

Stock analysts at Barclays started coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a note issued to investors on Wednesday, MarketBeat reports. The firm set an “overweight” rating and a $24.00 price target on the blue-jean maker’s stock. Barclays‘s target price suggests a potential upside of 34.08% from the company’s current price.

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

Levi Strauss & Co. Trading Up 1.3 %

Shares of NYSE:LEVI opened at $17.90 on Wednesday. The stock’s 50-day simple moving average is $17.17 and its two-hundred day simple moving average is $18.39. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 47.11, a PEG ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 104,178 shares of the company’s stock, valued at $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Several hedge funds and other institutional investors have recently bought and sold shares of LEVI. FMR LLC increased its position in Levi Strauss & Co. by 44.6% during the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after acquiring an additional 2,907,099 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Levi Strauss & Co. by 21.5% during the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock worth $82,409,000 after purchasing an additional 756,926 shares during the period. Millennium Management LLC boosted its stake in shares of Levi Strauss & Co. by 2,083.0% during the 2nd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Levi Strauss & Co. by 59.4% during 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. raised its position 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 during the period. Hedge funds and other institutional investors 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.