Levi Strauss & Co.’s (LEVI) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI)‘s stock had its “outperform” rating reiterated by Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $27.00 price target on the blue-jean maker’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 28.66% from the company’s previous close.

Several other research analysts also recently issued reports on the company. Barclays upped their price objective on Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Morgan Stanley boosted their price target on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Raymond James Financial assumed coverage on Levi Strauss & Co. in a research note on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 target price on the stock. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.46.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI opened at $20.99 on Wednesday. The business has a fifty day moving average of $21.44 and a 200-day moving average of $21.46. The firm has a market cap of $8.20 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.46 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Levi Strauss & Co. by 3.2% during the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after purchasing an additional 277,835 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Levi Strauss & Co. by 9.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after buying an additional 294,053 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Levi Strauss & Co. by 83.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock worth $36,208,000 after buying an additional 890,752 shares in the last quarter. Qube Research & Technologies Ltd increased its position in Levi Strauss & Co. by 27.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,909,810 shares of the blue-jean maker’s stock worth $44,499,000 after purchasing an additional 416,555 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Levi Strauss & Co. by 9.2% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,908,682 shares of the blue-jean maker’s stock worth $44,472,000 after buying an additional 160,855 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.