Citigroup Has Lowered Expectations for Levi Strauss & Co. (NYSE:LEVI) Stock Price

Levi Strauss & Co. (NYSE:LEVI) had its price objective dropped by stock analysts at Citigroup from $21.00 to $19.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the blue-jean maker’s stock. Citigroup’s target price would suggest a potential upside of 7.94% from the stock’s previous close.

LEVI has been the topic of several other reports. Barclays initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. TD Cowen reduced their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus lowered 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. Finally, JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock traded up $0.03 on Friday, reaching $17.60. The stock had a trading volume of 703,733 shares, compared to its average volume of 1,392,605. The business’s 50 day moving average is $17.24 and its two-hundred day moving average is $18.25. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1 year low of $15.10 and a 1 year high of $24.34. The company has a market cap of $6.98 billion, a P/E ratio of 46.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16.

Insider Buying and Selling at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the firm’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 completion of the transaction, the director now owns 104,178 shares of the company’s stock, valued at $1,875,204. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.14% of the company’s stock.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently modified their holdings of the stock. Matrix Trust Co increased its stake in Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after purchasing an additional 4,800 shares in the last quarter. Franklin Resources Inc. boosted its stake in Levi Strauss & Co. by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker’s stock valued at $26,816,000 after purchasing an additional 20,426 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Levi Strauss & Co. by 11.2% in the 3rd quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker’s stock worth $3,635,000 after purchasing an additional 16,785 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Levi Strauss & Co. by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock worth $24,512,000 after purchasing an additional 20,870 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Levi Strauss & Co. during the third quarter valued at $832,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.