Levi Strauss & Co. (NYSE:LEVI) Short Interest Update

Levi Strauss & Co. (NYSE:LEVI) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 10,213,568 shares, a growth of 30.4% from the December 15th total of 7,832,354 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,638,688 shares, the short-interest ratio is presently 6.2 days. Based on an average daily trading volume, of 1,638,688 shares, the short-interest ratio is presently 6.2 days. Currently, 2.6% of the shares of the stock are short sold.

Institutional Trading of Levi Strauss & Co.

Institutional investors have recently modified their holdings of the company. US Bancorp DE increased its holdings in Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 833 shares during the period. Hara Capital LLC increased its position in Levi Strauss & Co. by 8,080.0% during the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock valued at $38,000 after purchasing an additional 2,020 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after purchasing an additional 1,879 shares during the period. Finally, First Command Advisory Services Inc. bought a new position in Levi Strauss & Co. in the 2nd quarter worth $71,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Trading Down 0.0%

NYSE:LEVI traded down $0.01 during midday trading on Friday, reaching $21.74. 1,703,356 shares of the stock traded hands, compared to its average volume of 1,502,752. The stock has a market capitalization of $8.50 billion, a P/E ratio of 14.30, a PEG ratio of 1.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. The company has a fifty day moving average of $21.44 and a 200 day moving average of $21.41. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup increased their target price on Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Morgan Stanley increased their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Barclays boosted their target price on Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, September 26th. Stifel Nicolaus increased their price target on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, UBS Group lifted their price target on shares of Levi Strauss & Co. from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.46.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.