Levi Strauss & Co. (NYSE:LEVI) Given a $25.00 Price Target at Wells Fargo & Company

Levi Strauss & Co. (NYSE:LEVI) received a $25.00 price target from investment analysts at Wells Fargo & Company in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the blue-jean maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 17.05% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $25.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Barclays upped their price objective on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a “neutral” rating to an “overweight” rating and cut their target price for the company from $19.00 to $17.00 in a research report on Tuesday, April 8th. Morgan Stanley boosted their price target on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Bank of America increased their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.18.

Levi Strauss & Co. Stock Down 2.7%

Shares of NYSE:LEVI opened at $21.36 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85. The business has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.15. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $22.35. The firm has a market capitalization of $8.46 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.37 billion. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently modified their holdings of the business. Golden State Wealth Management LLC increased its position in shares of Levi Strauss & Co. by 101.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock valued at $34,000 after acquiring an additional 1,113 shares during the period. IFP Advisors Inc purchased a new stake in Levi Strauss & Co. during the 1st quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after purchasing an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Levi Strauss & Co. in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.