Zacks Investment Research Lowers Levi Strauss & Co. (NYSE:LEVI) to Sell

Levi Strauss & Co. (NYSE:LEVIGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, 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. “

LEVI has been the subject of several other reports. Bank of America lifted their price objective on Levi Strauss & Co. from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, January 27th. TheStreet cut Levi Strauss & Co. from a “b-” rating to a “c+” rating in a report on Thursday, March 10th. Wells Fargo & Company cut their price target on Levi Strauss & Co. from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Citigroup cut their price target on Levi Strauss & Co. from $28.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, April 7th. Finally, Guggenheim reissued a “buy” rating and issued a $33.00 price target on shares of Levi Strauss & Co. in a report on Friday, April 1st. One investment analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Levi Strauss & Co. has an average rating of “Buy” and an average target price of $31.08.

Shares of LEVI stock opened at $18.80 on Tuesday. The stock has a fifty day moving average price of $20.48 and a 200 day moving average price of $23.34. The stock has a market cap of $7.48 billion, a PE ratio of 12.70, a P/E/G ratio of 1.55 and a beta of 1.09. Levi Strauss & Co. has a 1 year low of $17.34 and a 1 year 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 issued its quarterly earnings data on Wednesday, April 6th. The blue-jean maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations 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 was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.55 earnings per share for the current year.

In other Levi Strauss & Co. news, EVP Seth Jaffe sold 14,602 shares of the business’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $21.67, for a total transaction of $316,425.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer A. Sey sold 28,432 shares of the company’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $24.00, for a total value of $682,368.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,125 shares of company stock valued at $1,576,124. 3.69% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth about $26,000. Banque Cantonale Vaudoise purchased a new stake in shares of Levi Strauss & Co. in the third quarter worth about $43,000. Western Pacific Wealth Management LP purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth about $50,000. Psagot Value Holdings Ltd. purchased a new stake in shares of Levi Strauss & Co. in the third quarter worth about $74,000. Finally, Schroder Investment Management Group acquired a new position in shares of Levi Strauss & Co. in the third quarter worth about $94,000. 69.45% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile (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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