Levi Strauss & Co. (NYSE:LEVI) Stock Price Expected to Rise, UBS Group Analyst Says

Levi Strauss & Co. (NYSE:LEVIGet Free Report) had its target price lifted by equities research analysts at UBS Group from $33.00 to $34.00 in a report issued on Wednesday, MarketBeat reports. The firm presently has a “buy” rating on the blue-jean maker’s stock. UBS Group’s price target would suggest a potential upside of 49.50% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, April 1st. BTIG Research reissued a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday. Wall Street Zen downgraded shares of Levi Strauss & Co. from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Raymond James Financial started coverage on shares of Levi Strauss & Co. in a research note on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 price objective for the company. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $26.77.

Check Out Our Latest Report on Levi Strauss & Co.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $22.74 on Wednesday. The company has a 50 day moving average of $20.13 and a 200-day moving average of $21.10. Levi Strauss & Co. has a 1-year low of $13.83 and a 1-year high of $24.82. The company has a current ratio of 1.58, a quick ratio of 0.94 and a debt-to-equity ratio of 0.48. The company has a market cap of $8.88 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.71 and a beta of 1.34.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Jason Gowans sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $21.83, for a total value of $873,200.00. Following the completion of the transaction, the executive vice president directly owned 92,199 shares in the company, valued at approximately $2,012,704.17. This represents a 30.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Jedrzejek sold 7,093 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $21.38, for a total transaction of $151,648.34. Following the completion of the transaction, the senior vice president owned 98,193 shares of the company’s stock, valued at approximately $2,099,366.34. This trade represents a 6.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 49,341 shares of company stock valued at $1,068,909. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE increased its position in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 810 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 833 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $39,000. Finally, Hara Capital LLC increased its position in shares of Levi Strauss & Co. by 8,080.0% during the second quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock worth $38,000 after buying an additional 2,020 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Levi Strauss & Co.

Here are the key news stories impacting Levi Strauss & Co. this week:

Levi Strauss & Co. Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

Receive News & Ratings for Levi Strauss & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Levi Strauss & Co. and related companies with MarketBeat.com's FREE daily email newsletter.