Analysts Set Levi Strauss & Co. (NYSE:LEVI) Target Price at $26.46

Levi Strauss & Co. (NYSE:LEVI) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $26.4615.

Several brokerages recently weighed in on LEVI. JPMorgan Chase & Co. upped their price target on Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Raymond James Financial assumed coverage on shares of Levi Strauss & Co. in a research note on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 price target for the company. Bank of America lifted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group boosted their price objective 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.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock opened at $21.25 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The stock’s 50 day simple moving average is $21.44 and its two-hundred day simple moving average is $21.50. 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 stock has a market cap of $8.30 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.43 and a beta of 1.33.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently added to or reduced their stakes in the stock. Figure 8 Investment Strategies LLC grew its stake in shares of Levi Strauss & Co. by 1.2% in 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 acquiring an additional 583 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Levi Strauss & Co. by 10.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock worth $151,000 after purchasing an additional 614 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Levi Strauss & Co. by 2.4% during 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. US Bancorp DE increased its stake 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 in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares in the last quarter. 69.14% of the stock is 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.