Levi Strauss & Co. (NYSE:LEVI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Levi Strauss & Co. (NYSE:LEVI) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $22.50.

LEVI has been the subject of several research analyst reports. Barclays assumed coverage on Levi Strauss & Co. in a research note on Wednesday, January 8th. They set an “overweight” rating and a $24.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. TD Cowen lowered their price target 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. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the sale, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its stake 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 worth $205,356,000 after buying an additional 2,907,099 shares during the last quarter. Marshall Wace LLP grew its holdings in 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 acquiring an additional 756,926 shares during the period. Millennium Management LLC raised its position in shares of Levi Strauss & Co. by 2,083.0% in the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $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 lifted its stake 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 period. Finally, American Century Companies Inc. boosted its position in shares of Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock valued at $27,600,000 after purchasing an additional 1,365,574 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Price Performance

Levi Strauss & Co. stock opened at $17.37 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. Levi Strauss & Co. has a 52 week low of $15.10 and a 52 week high of $24.34. The stock has a market capitalization of $6.89 billion, a P/E ratio of 45.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The stock has a fifty day moving average of $17.25 and a 200-day moving average of $18.24.

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.