Levi Strauss & Co. (NYSE:LEVI) was downgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Wednesday, MarketBeat Ratings reports. They presently have a $19.00 price objective on the blue-jean maker’s stock, down from their previous price objective of $21.00. Goldman Sachs Group’s target price would suggest a potential upside of 2.15% from the company’s current price.

A number of other equities research analysts have also issued reports on the stock. Bank of America set a $25.00 price objective on shares of Levi Strauss & Co. and gave the company a “hold” rating in a report on Wednesday, July 10th. Guggenheim assumed coverage on shares of Levi Strauss & Co. in a report on Monday, April 15th. They issued a “buy” rating and a $26.00 price objective for the company. Citigroup upped their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Morgan Stanley dropped their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Dell from $68.00 to $77.00 and gave the company an “overweight” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Levi Strauss & Co. presently has a consensus rating of “Hold” and an average target price of $24.86.

NYSE:LEVI traded up $0.20 during trading hours on Wednesday, reaching $18.60. 120 shares of the company were exchanged, compared to its average volume of 2,568,489. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a 50-day moving average of $21.07. Levi Strauss & Co. has a twelve month low of $18.16 and a twelve month high of $24.50.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Tuesday, July 9th. The blue-jean maker reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Levi Strauss & Co. had a net margin of 7.01% and a return on equity of 42.83%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Levi Strauss & Co.’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts forecast that Levi Strauss & Co. will post 1.09 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in the business. Spark Investment Management LLC purchased a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $2,574,000. Dean Capital Investments Management LLC purchased a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $631,000. Marshall Wace North America L.P. purchased a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $2,631,000. Hall Kathryn A. purchased a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $137,211,000. Finally, Peregrine Asset Advisers Inc. purchased a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $2,658,000. 9.05% of the stock is owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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