Levi Strauss & Co. (NYSE:LEVI) Given New $22.00 Price Target at Barclays

Levi Strauss & Co. (NYSE:LEVI) had its target price decreased by investment analysts at Barclays from $24.00 to $22.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the blue-jean maker’s stock. Barclays‘s price objective would suggest a potential upside of 15.46% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley cut their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Citigroup cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Guggenheim restated a “buy” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a research report on Friday, January 24th. Finally, TD Cowen reduced their price target 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.36.

Levi Strauss & Co. Trading Up 1.1 %

NYSE LEVI opened at $19.06 on Thursday. The stock has a market cap of $7.56 billion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 1.22 and a beta of 1.16. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34. The stock has a 50 day simple moving average of $17.58 and a two-hundred day simple moving average of $18.18. 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. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 26.00% and a net margin of 3.32%. On average, analysts forecast that Levi Strauss & Co. will post 1.36 earnings per share for the current year.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of Levi Strauss & Co. stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the transaction, the director now directly owns 108,344 shares of the company’s stock, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC lifted its position in 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 valued at $37,079,000 after acquiring an additional 1,835,107 shares in the last quarter. Quarry LP bought a new position in shares of Levi Strauss & Co. during the second quarter valued at $56,000. Washington Capital Management Inc. boosted its position in shares of Levi Strauss & Co. by 69.7% during the third quarter. Washington Capital Management Inc. now owns 28,000 shares of the blue-jean maker’s stock valued at $610,000 after buying an additional 11,500 shares during the last quarter. Hunter Perkins Capital Management LLC increased its holdings in Levi Strauss & Co. by 3.7% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock worth $473,000 after buying an additional 765 shares in the last quarter. Finally, Twelve Points Wealth Management LLC increased its holdings in Levi Strauss & Co. by 15.2% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 49,514 shares of the blue-jean maker’s stock worth $1,079,000 after buying an additional 6,528 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.