Levi Strauss & Co.’s (LEVI) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $27.00 target price on the blue-jean maker’s stock.

Several other equities analysts have also weighed in on LEVI. Barclays lifted their price target on Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Morgan Stanley raised their price objective on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. BTIG Research started coverage on Levi Strauss & Co. in a research report on Tuesday, October 14th. They issued a “buy” rating and a $27.00 price objective for the company. Weiss Ratings lowered Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup lifted their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.46.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $21.25 on Wednesday. The business’s 50-day moving average is $21.44 and its two-hundred day moving average is $21.48. 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 market capitalization of $8.30 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.45 and a beta of 1.33. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82.

Institutional Trading of Levi Strauss & Co.

Several large investors have recently added to or reduced their stakes in LEVI. Farther Finance Advisors LLC increased its stake in shares of Levi Strauss & Co. by 12.8% in the 4th quarter. Farther Finance Advisors LLC now owns 8,793 shares of the blue-jean maker’s stock worth $182,000 after acquiring an additional 998 shares during the last quarter. Figure 8 Investment Strategies LLC increased its position in Levi Strauss & Co. by 1.2% during the fourth quarter. Figure 8 Investment Strategies LLC now owns 50,939 shares of the blue-jean maker’s stock worth $1,056,000 after purchasing an additional 583 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Levi Strauss & Co. by 7.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 35,192 shares of the blue-jean maker’s stock worth $730,000 after purchasing an additional 2,419 shares during the period. SG Americas Securities LLC boosted its holdings in Levi Strauss & Co. by 30.3% in the 4th quarter. SG Americas Securities LLC now owns 17,450 shares of the blue-jean maker’s stock valued at $362,000 after purchasing an additional 4,059 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Levi Strauss & Co. by 2.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,732 shares of the blue-jean maker’s stock valued at $575,000 after purchasing an additional 638 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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.