Levi Strauss & Co. (NYSE:LEVI) Receives “Buy” Rating from Guggenheim

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $23.00 target price on the blue-jean maker’s stock. Guggenheim’s price objective would indicate a potential upside of 31.91% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday. Morgan Stanley dropped their price target on Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Tuesday. TD Cowen lowered their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup lowered their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Barclays started coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.18.

Levi Strauss & Co. Price Performance

Levi Strauss & Co. stock traded down $0.37 during trading hours on Friday, hitting $17.44. 514,884 shares of the company traded hands, compared to its average volume of 1,488,405. The firm has a market cap of $6.92 billion, a P/E ratio of 45.88, a P/E/G ratio of 0.97 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The firm’s 50-day simple moving average is $17.29 and its two-hundred day simple moving average is $18.20. Levi Strauss & Co. has a 1-year low of $15.16 and a 1-year high of $24.34.

Insiders Place Their Bets

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

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brandes Investment Partners LP boosted its holdings in shares of Levi Strauss & Co. by 1.8% in the 2nd quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock valued at $824,000 after buying an additional 743 shares in the last quarter. Hunter Perkins Capital Management LLC raised its holdings in Levi Strauss & Co. by 3.7% in the third quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock valued at $473,000 after buying an additional 765 shares during the period. KBC Group NV lifted its position in Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock worth $1,980,000 after acquiring an additional 892 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the 3rd quarter valued at approximately $27,000. Finally, nVerses Capital LLC boosted its stake in Levi Strauss & Co. by 17.8% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock valued at $259,000 after acquiring an additional 1,800 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.