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

Barclays started coverage on shares of Levi Strauss & Co. (NYSE:LEVI) in a report released on Wednesday morning, MarketBeat reports. The firm issued an overweight rating and a $24.00 target price on the blue-jean maker’s stock.

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

Levi Strauss & Co. Trading Up 1.3 %

LEVI opened at $17.90 on Wednesday. Levi Strauss & Co. has a fifty-two week low of $14.87 and a fifty-two week high of $24.34. The firm has a market capitalization of $7.10 billion, a PE ratio of 47.11, a P/E/G ratio of 0.95 and a beta of 1.16. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The company’s 50-day moving average is $17.16 and its 200 day moving average is $18.40.

Insider Buying and Selling

In related news, Director David A. Friedman sold 8,332 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now owns 108,344 shares in the company, valued at approximately $1,950,192. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is currently owned by corporate insiders.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently bought and sold shares of LEVI. Point72 Asset Management L.P. bought a new position in shares of Levi Strauss & Co. during the 2nd quarter worth $8,552,000. Davidson Kempner Capital Management LP purchased a new stake in Levi Strauss & Co. during the second quarter valued at about $3,219,000. Shellback Capital LP bought a new position in Levi Strauss & Co. during the second quarter worth about $482,000. Aigen Investment Management LP bought a new position in Levi Strauss & Co. during the third quarter worth about $1,673,000. Finally, Armistice Capital LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth about $6,690,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.