Levi Strauss & Co. (NYSE:LEVI) Given New $21.00 Price Target at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI) had its target price raised by Telsey Advisory Group from $19.00 to $21.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the blue-jean maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 20.27% from the company’s previous close.

A number of other analysts have also commented on LEVI. Citigroup reduced their price objective on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Barclays lowered their price target on shares of Levi Strauss & Co. from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Bank of America upgraded Levi Strauss & Co. from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $20.00 in a report on Thursday, April 10th. Guggenheim raised their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. upgraded shares of Levi Strauss & Co. from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $19.82.

Levi Strauss & Co. Trading Down 1.9%

NYSE LEVI opened at $17.46 on Thursday. The company has a fifty day moving average of $15.65 and a 200 day moving average of $16.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.34. The company has a market capitalization of $6.91 billion, a PE ratio of 33.58, a P/E/G ratio of 1.92 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Institutional Investors Weigh In On Levi Strauss & Co.

Several large investors have recently modified their holdings of LEVI. Golden State Wealth Management LLC lifted its stake in shares of Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after purchasing an additional 1,113 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Levi Strauss & Co. during the 1st quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Levi Strauss & Co. during the fourth quarter worth $39,000. Point72 Hong Kong Ltd acquired a new stake in Levi Strauss & Co. in the fourth quarter worth $57,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Levi Strauss & Co. in the first quarter valued at approximately $81,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.