Barclays Forecasts Strong Price Appreciation for Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) had its price target increased by Barclays from $18.00 to $20.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the blue-jean maker’s stock. Barclays‘s price objective would indicate a potential upside of 11.67% from the company’s previous close.

A number of other research analysts also recently commented on LEVI. Wells Fargo & Company boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 14th. Citigroup reduced their price target on Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their price target on Levi Strauss & Co. from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Stifel Nicolaus reduced their target price on Levi Strauss & Co. from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $19.00 to $17.00 in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

Levi Strauss & Co. Trading Up 3.4%

Shares of LEVI stock opened at $17.91 on Wednesday. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a fifty day moving average of $15.83 and a 200-day moving average of $16.89. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.34.

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

Hedge Funds Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in LEVI. SG Americas Securities LLC grew its stake in shares of Levi Strauss & Co. by 32.9% in the 4th quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock worth $209,000 after buying an additional 2,998 shares in the last quarter. KBC Group NV grew its holdings in Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after purchasing an additional 892 shares during the last quarter. Hunter Perkins Capital Management LLC raised its position in Levi Strauss & Co. by 93.8% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock worth $727,000 after purchasing an additional 20,335 shares during the period. Twelve Points Wealth Management LLC raised its position in Levi Strauss & Co. by 15.4% in the 4th quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock worth $989,000 after purchasing an additional 7,633 shares during the period. Finally, R Squared Ltd purchased a new stake in Levi Strauss & Co. in the 4th quarter worth about $105,000. 69.14% of the stock is 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.