Levi Strauss & Co. (NYSE:LEVI) Given New $27.00 Price Target at Raymond James Financial

Levi Strauss & Co. (NYSE:LEVI) had its price objective hoisted by equities research analysts at Raymond James Financial from $25.00 to $27.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the blue-jean maker’s stock. Raymond James Financial’s price target indicates a potential upside of 9.12% from the stock’s previous close.

LEVI has been the subject of several other reports. Citigroup raised their price objective on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday. TD Cowen reissued a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. JPMorgan Chase & Co. raised their price target on shares of Levi Strauss & Co. from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

Levi Strauss & Co. Price Performance

LEVI stock traded up $0.24 during mid-day trading on Thursday, reaching $24.74. The company’s stock had a trading volume of 140,753 shares, compared to its average volume of 2,648,062. The stock has a market cap of $9.52 billion, a PE ratio of 15.84, a P/E/G ratio of 1.87 and a beta of 1.32. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.58. The company’s 50 day moving average is $22.87 and its two-hundred day moving average is $21.52.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. Equities research analysts expect that Levi Strauss & Co. will post 1.5 EPS for the current year.

Insider Buying and Selling at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 47,721 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $1,145,781.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Robert D. Haas sold 488,851 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction of $11,786,197.61. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,468,570 shares of company stock worth $34,136,152 over the last three months. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $26,000. US Bancorp DE boosted its holdings in Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Levi Strauss & Co. during the fourth quarter worth about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

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.