Levi Strauss & Co. (NYSE:LEVI) Upgraded to Hold at Zacks Investment Research

Levi Strauss & Co. (NYSE:LEVIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Levi Strauss & Co. designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s(R), Dockers(R), Signature by Levi Strauss & Co.(TM) and Denizen(R)brands. Its products are sold through chain retailers, department stores, online sites and brand-dedicated retail stores and shop-in-shops. Levi Strauss & Co. is based in San Francisco, United States. “

A number of other research firms also recently commented on LEVI. Bank of America boosted their price target on Levi Strauss & Co. from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, January 27th. Guggenheim reaffirmed a “buy” rating and issued a $33.00 price target on shares of Levi Strauss & Co. in a research note on Friday, April 1st. UBS Group dropped their price target on Levi Strauss & Co. from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 7th. Telsey Advisory Group lowered their target price on Levi Strauss & Co. from $34.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, January 27th. Finally, Citigroup lowered their target price on Levi Strauss & Co. from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, April 7th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $31.08.

Shares of Levi Strauss & Co. stock opened at $18.75 on Wednesday. The firm has a 50-day moving average of $20.86 and a 200-day moving average of $23.56. The stock has a market cap of $7.46 billion, a PE ratio of 12.67, a PEG ratio of 1.52 and a beta of 1.09. Levi Strauss & Co. has a 52-week low of $17.34 and a 52-week high of $30.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.95 and a current ratio of 1.55.

Levi Strauss & Co. (NYSE:LEVIGet Rating) last posted its quarterly earnings results on Wednesday, April 6th. The blue-jean maker reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 40.41% and a net margin of 10.03%. Levi Strauss & Co.’s revenue for the quarter was up 21.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Equities research analysts predict that Levi Strauss & Co. will post 1.55 earnings per share for the current fiscal year.

In other Levi Strauss & Co. news, insider Jennifer A. Sey sold 28,432 shares of the business’s stock in a transaction on Wednesday, February 9th. The stock was sold at an average price of $24.00, for a total value of $682,368.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Seth Jaffe sold 13,280 shares of the business’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $20.23, for a total value of $268,654.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,125 shares of company stock valued at $1,576,124. 3.69% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of LEVI. Atalanta Sosnoff Capital LLC bought a new position in Levi Strauss & Co. during the first quarter valued at approximately $6,505,000. Iron Horse Wealth Management LLC purchased a new position in Levi Strauss & Co. during the 1st quarter worth $89,000. Twelve Points Wealth Management LLC bought a new stake in Levi Strauss & Co. during the 4th quarter valued at $212,000. Evergreen Capital Management LLC boosted its position in Levi Strauss & Co. by 3.0% during the 4th quarter. Evergreen Capital Management LLC now owns 90,185 shares of the blue-jean maker’s stock valued at $2,257,000 after acquiring an additional 2,590 shares in the last quarter. Finally, BancFirst Trust & Investment Management acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter worth $4,818,000. Institutional investors own 69.45% of the company’s stock.

About Levi Strauss & Co. (Get Rating)

Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.

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