Levi Strauss & Co. (NYSE:LEVI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Levi Strauss & Co. (NYSE:LEVI) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts have also weighed in on LEVI. Citigroup raised 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. UBS Group upped their price target on shares of Levi Strauss & Co. from $32.00 to $33.00 and gave the company a “buy” rating in a report on Monday, January 12th. Needham & Company LLC assumed coverage on shares of Levi Strauss & Co. in a research note on Thursday, September 25th. They issued a “buy” rating and a $28.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research note on Friday, October 10th. Finally, Morgan Stanley lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $26.46.

Levi Strauss & Co. Stock Down 0.0%

LEVI opened at $21.74 on Friday. The company has a market capitalization of $8.50 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The firm’s fifty day moving average price is $21.45 and its two-hundred day moving average price is $21.45.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in LEVI. Asset Management One Co. Ltd. acquired a new position in shares of Levi Strauss & Co. during the third quarter worth about $2,540,000. Paragon Capital Management Ltd acquired a new position in Levi Strauss & Co. in the 2nd quarter valued at $257,000. Geode Capital Management LLC boosted its position in shares of Levi Strauss & Co. by 2.1% in the second quarter. Geode Capital Management LLC now owns 1,210,669 shares of the blue-jean maker’s stock worth $22,391,000 after acquiring an additional 24,728 shares during the last quarter. OFI Invest Asset Management increased its stake in Levi Strauss & Co. by 37.7% during the second quarter. OFI Invest Asset Management now owns 1,420,596 shares of the blue-jean maker’s stock worth $26,267,000 after acquiring an additional 389,176 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its position in Levi Strauss & Co. by 49.9% in the second quarter. KLP Kapitalforvaltning AS now owns 61,000 shares of the blue-jean maker’s stock valued at $1,128,000 after purchasing an additional 20,300 shares during the period. 69.14% of the stock is currently owned by 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.