Levi Strauss & Co. (NYSE:LEVI) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Levi Strauss & Co. (NYSE:LEVI) in a research note published on Wednesday,Benzinga reports. The brokerage currently has a $27.00 price objective on the blue-jean maker’s stock.

LEVI has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. UBS Group increased their target price on shares of Levi Strauss & Co. from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Citigroup boosted their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Raymond James Financial began coverage on shares of Levi Strauss & Co. in a research note on Tuesday, December 23rd. They set an “outperform” rating and a $26.00 price target on the stock. Finally, Needham & Company LLC began coverage on shares of Levi Strauss & Co. in a report on Thursday, September 25th. They issued a “buy” rating and a $28.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.46.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $21.84 on Wednesday. The company has a market capitalization of $8.54 billion, a P/E ratio of 14.37, a P/E/G ratio of 1.41 and a beta of 1.33. The business has a fifty day simple moving average of $21.44 and a two-hundred day simple moving average of $21.46. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the business. Figure 8 Investment Strategies LLC boosted its position in shares of Levi Strauss & Co. by 1.2% during the 4th quarter. Figure 8 Investment Strategies LLC now owns 50,939 shares of the blue-jean maker’s stock valued at $1,056,000 after acquiring an additional 583 shares during the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Levi Strauss & Co. by 7.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 35,192 shares of the blue-jean maker’s stock worth $730,000 after purchasing an additional 2,419 shares during the last quarter. SG Americas Securities LLC raised its stake in Levi Strauss & Co. by 30.3% in the fourth quarter. SG Americas Securities LLC now owns 17,450 shares of the blue-jean maker’s stock valued at $362,000 after purchasing an additional 4,059 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Levi Strauss & Co. by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,732 shares of the blue-jean maker’s stock valued at $575,000 after purchasing an additional 638 shares during the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in Levi Strauss & Co. during the third quarter valued at approximately $21,052,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.