Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $20.00 by Analysts at Stifel Nicolaus

Levi Strauss & Co. (NYSE:LEVI) had its target price lowered by stock analysts at Stifel Nicolaus from $25.00 to $20.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the blue-jean maker’s stock. Stifel Nicolaus’ price target points to a potential upside of 49.05% from the stock’s previous close.

LEVI has been the topic of several other reports. Citigroup cut their target price on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday. Morgan Stanley reduced their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Barclays decreased their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. UBS Group decreased their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.82.

Levi Strauss & Co. Stock Performance

NYSE LEVI traded down $0.08 during trading hours on Tuesday, reaching $13.42. The company’s stock had a trading volume of 6,248,898 shares, compared to its average volume of 2,108,728. The stock has a market cap of $5.31 billion, a PE ratio of 25.45, a PEG ratio of 1.92 and a beta of 1.07. The business has a 50-day simple moving average of $17.11 and a 200 day simple moving average of $17.64. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 52 week low of $12.82 and a 52 week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, the director now directly owns 100,012 shares in the company, valued at $1,844,221.28. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.25% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Levi Strauss & Co. in the fourth quarter valued at $39,000. Point72 Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $57,000. New Age Alpha Advisors LLC bought a new stake in shares of Levi Strauss & Co. in the 4th quarter worth approximately $82,000. Matrix Trust Co lifted its position in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Levi Strauss & Co. during the 4th quarter worth approximately $105,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.