Levi Strauss & Co. (NYSE:LEVI) Price Target Increased to $28.00 by Analysts at Morgan Stanley


Share on StockTwits

Levi Strauss & Co. (NYSE:LEVI) had its price objective upped by research analysts at Morgan Stanley from $25.00 to $28.00 in a research report issued to clients and investors on Monday, PriceTargets.com reports. The firm presently has an “overweight” rating on the blue-jean maker’s stock. Morgan Stanley’s price target points to a potential upside of 4.71% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Citigroup boosted their target price on shares of Levi Strauss & Co. from $26.00 to $29.00 in a research note on Friday, April 9th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Levi Strauss & Co. from $26.00 to $29.00 in a research note on Friday, April 9th. JPMorgan Chase & Co. boosted their target price on shares of Levi Strauss & Co. from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, January 7th. Telsey Advisory Group boosted their target price on shares of Levi Strauss & Co. from $27.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, April 9th. Finally, Zacks Investment Research cut shares of Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 30th. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $26.27.

NYSE:LEVI opened at $26.74 on Monday. The company has a fifty day simple moving average of $24.29 and a two-hundred day simple moving average of $20.16. The company has a market cap of $10.64 billion, a price-to-earnings ratio of -111.41, a price-to-earnings-growth ratio of 4.59 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 1.30. Levi Strauss & Co. has a 52 week low of $11.13 and a 52 week high of $27.30.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, April 7th. The blue-jean maker reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.10. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.25 billion. Levi Strauss & Co. had a negative net margin of 1.90% and a positive return on equity of 7.10%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.40 earnings per share. On average, analysts expect that Levi Strauss & Co. will post 0.14 EPS for the current year.

In other Levi Strauss & Co. news, CEO Charles V. Bergh sold 96,025 shares of the stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $25.58, for a total transaction of $2,456,319.50. Following the transaction, the chief executive officer now owns 864,094 shares of the company’s stock, valued at $22,103,524.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Charles V. Bergh sold 84,142 shares of the stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $25.04, for a total transaction of $2,106,915.68. Following the transaction, the chief executive officer now directly owns 864,094 shares in the company, valued at approximately $21,636,913.76. The disclosure for this sale can be found here. Insiders have sold 1,354,416 shares of company stock worth $33,121,818 in the last three months. Insiders own 6.48% of the company’s stock.

Large investors have recently bought and sold shares of the business. Perpetual Ltd purchased a new position in Levi Strauss & Co. during the third quarter worth approximately $32,000. Montag A & Associates Inc. purchased a new position in Levi Strauss & Co. during the fourth quarter worth approximately $40,000. International Assets Investment Management LLC purchased a new position in Levi Strauss & Co. during the fourth quarter worth approximately $48,000. LPL Financial LLC purchased a new position in shares of Levi Strauss & Co. in the 3rd quarter valued at $139,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $224,000. 12.28% of the stock is currently owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co operates as an apparel company. It designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. 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.

Featured Article: What is meant by a buy rating?

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.