Bank of America set a $25.00 price objective on Levi Strauss & Co. (NYSE:LEVI) in a research report released on Wednesday, TipRanks reports. The firm currently has a hold rating on the blue-jean maker’s stock.
LEVI has been the subject of a number of other reports. Citigroup raised their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company a neutral rating in a research note on Monday, April 15th. Morgan Stanley reduced their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Dell from $68.00 to $77.00 and gave the company an overweight rating in a research report on Monday, April 15th. Goldman Sachs Group set a GBX 4,300 ($56.19) price objective on shares of ASOS and gave the company a buy rating in a research report on Monday, April 15th. Finally, Guggenheim initiated coverage on shares of Levi Strauss & Co. in a research report on Monday, April 15th. They set a buy rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $25.14.
NYSE:LEVI traded down $0.57 on Wednesday, reaching $20.25. 4,486,431 shares of the stock traded hands, compared to its average volume of 1,953,466. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.27 and a current ratio of 2.03. Levi Strauss & Co. has a 12 month low of $18.92 and a 12 month high of $24.50. The stock’s fifty day moving average is $21.43.
Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Tuesday, July 9th. The blue-jean maker reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Levi Strauss & Co. had a net margin of 7.92% and a return on equity of 50.02%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Levi Strauss & Co. will post 1.08 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC bought a new stake in Levi Strauss & Co. in the first quarter worth $2,574,000. Dean Capital Investments Management LLC bought a new stake in Levi Strauss & Co. in the first quarter worth $631,000. Hall Kathryn A. bought a new stake in Levi Strauss & Co. in the first quarter worth $137,211,000. Peregrine Asset Advisers Inc. bought a new stake in Levi Strauss & Co. in the first quarter worth $2,658,000. Finally, JPMorgan Chase & Co. bought a new stake in Levi Strauss & Co. in the first quarter worth $9,858,000. Institutional investors own 9.05% of the company’s stock.
About Levi Strauss & Co.
Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.
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