Levi Strauss & Co. (NYSE:LEVI) Receives Average Recommendation of “Buy” from Analysts

Levi Strauss & Co. (NYSE:LEVI) has been assigned an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.14.

A number of analysts recently issued reports on LEVI shares. Guggenheim reissued a “buy” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, July 24th. Goldman Sachs Group downgraded Levi Strauss & Co. from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $21.00 to $19.00 in a research report on Wednesday, July 17th. Finally, Bank of America raised Levi Strauss & Co. from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $25.00 to $20.00 in a research report on Thursday, August 15th. They noted that the move was a valuation call.

Shares of NYSE:LEVI traded down $0.34 during midday trading on Friday, reaching $16.86. 2,581 shares of the company’s stock were exchanged, compared to its average volume of 1,173,916. The stock has a 50 day moving average price of $18.86. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. Levi Strauss & Co. has a fifty-two week low of $16.00 and a fifty-two week high of $24.50.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Tuesday, July 9th. The blue-jean maker reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Levi Strauss & Co. had a return on equity of 42.83% and a net margin of 7.01%. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hall Kathryn A. purchased a new position in shares of Levi Strauss & Co. in the 1st quarter valued at about $137,211,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Levi Strauss & Co. by 43.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,592,606 shares of the blue-jean maker’s stock valued at $95,894,000 after buying an additional 1,392,606 shares during the period. Vanguard Group Inc. boosted its stake in shares of Levi Strauss & Co. by 33.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,405,875 shares of the blue-jean maker’s stock valued at $71,115,000 after buying an additional 848,954 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Levi Strauss & Co. by 4,149.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,269,980 shares of the blue-jean maker’s stock valued at $68,277,000 after buying an additional 3,193,030 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Levi Strauss & Co. by 317.6% in the 2nd quarter. Putnam Investments LLC now owns 1,318,981 shares of the blue-jean maker’s stock valued at $27,540,000 after buying an additional 1,003,152 shares during the period. 10.26% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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

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