Levi Strauss & Co. (NYSE:LEVI) Price target cut to $26.00 by Stifel Nicolaus analysts
Levi Strauss & Co. (NYSE:LEVI – Get Note) had its price target reduced by investment analysts Stifel Nicolaus from $30.00 to $26.00 in a research note released on Thursday, reports The Fly. Stifel Nicolaus’ price target suggests a potential upside of 41.54% from the company’s current price.
Several other research analysts have also recently released reports on the stock. JPMorgan Chase & Co. lowered its price target on shares of Levi Strauss & Co. from $32.00 to $27.00 in a Monday, April 11 report. Goldman Sachs Group cut its price target on Levi Strauss & Co. shares from $30.00 to $26.00 and set a “buy” rating for the company in a report Thursday, April 7. Guggenheim reaffirmed a “buy” rating and set a target price of $33.00 on shares of Levi Strauss & Co. in a Friday, April 1, report. UBS Group lowered its price target on Levi Strauss & Co. shares from $37.00 to $34.00 and placed a “buy” rating on the stock in a Thursday, April 7 research note. Finally, Citigroup lowered its price target on Levi Strauss & Co. stock from $28.00 to $27.00 and placed a “buy” rating on the stock in a Thursday, April 7 research report. Thirteen investment analysts have rated the stock with a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $29.85.
NYSE: LEVI opened at $18.37 on Thursday. The company has a debt ratio of 0.59, a current ratio of 1.55 and a quick ratio of 0.95. The company has a market capitalization of $7.28 billion, a price/earnings ratio of 12.41, a PEG ratio of 1.47 and a beta of 1.06. The company’s 50-day moving average is $18.57 and its two-hundred-day moving average is $21.60. Levi Strauss & Co. has a 1-year low of $15.76 and a 1-year high of $30.09.
Levi Strauss & Co. (NYSE:LEVI – Get Rating) last released its quarterly results on Wednesday, April 6. The blue jeans maker reported earnings per share (EPS) of $0.46 for the quarter, beating analysts’ consensus estimate of $0.42 by $0.04. Levi Strauss & Co. had a net margin of 10.03% and a return on equity of 40.41%. The company posted revenue of $1.59 billion for the quarter, versus a consensus estimate of $1.55 billion. During the same period of the previous year, the company achieved EPS of $0.34. The company’s revenue increased 21.9% year over year. As a group, stock analysts expect Levi Strauss & Co. to post 1.55 earnings per share for the current fiscal year.
In other news, Executive Vice President Seth Jaffe sold 13,280 shares in a trade that took place on Thursday, March 31. The stock was sold at an average price of $20.23, for a total value of $268,654.40. Following the completion of the sale, the executive vice president now directly owns 148,299 shares of the company, valued at $3,000,088.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 3.69% of the shares are currently held by company insiders.
A number of institutional investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its holdings of Levi Strauss & Co. shares by 93.4% during the third quarter. BlackRock Inc. now owns 4,083,281 shares of the blue jean maker worth $100,083,000 after buying an additional 1,971,746 shares in the last quarter. Cambridge Trust Co. increased its holdings in Levi Strauss & Co. by 387.5% in the first quarter. Cambridge Trust Co. now owns 2,072,760 shares of the blue jeans maker worth $40,958,000 after buying an additional 1,647,540 shares in the last quarter. American Century Companies Inc. increased its position in Levi Strauss & Co. shares by 9,764.1% during the fourth quarter. American Century Companies Inc. now owns 1,264,770 shares of the blue jeans maker worth $31,657,000 after purchasing an additional 1,251,948 shares during the period. Wellington Management Group LLP increased its position in shares of Levi Strauss & Co. by 20.5% during the first quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue jeans maker worth $125,773,000 after purchasing an additional 1,084,969 shares during the period. Finally, Broad Bay Capital Management LP increased its position in shares of Levi Strauss & Co. by 150.4% during the third quarter. Broad Bay Capital Management LP now owns 1,753,000 shares of the blue jeans maker worth $42,966,000 after purchasing an additional 1,053,000 shares during the period. Hedge funds and other institutional investors hold 70.69% of the company’s shares.
About Levi Strauss & Co. (Get a rating)
Levi Strauss & Co operates as a clothing company. The company designs, markets and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, shoes 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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