TD Cowen Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $25.00

Levi Strauss & Co. (NYSE:LEVI) had its price objective reduced by TD Cowen from $26.00 to $25.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the blue-jean maker’s stock.

A number of other brokerages also recently issued reports on LEVI. Telsey Advisory Group reaffirmed an outperform rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a neutral rating on the stock in a report on Thursday, June 27th. Bank of America boosted their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a neutral rating in a report on Thursday, June 27th. Stifel Nicolaus increased their price objective on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a buy rating in a research report on Monday, June 24th. Finally, OTR Global assumed coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They issued a positive rating for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $23.25.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $21.80 on Friday. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $24.34. The company has a market capitalization of $8.67 billion, a P/E ratio of 62.29, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The firm has a 50 day moving average of $18.97 and a 200 day moving average of $20.31. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the transaction, the director now owns 158,344 shares in the company, valued at approximately $2,886,611.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now directly owns 158,344 shares of the company’s stock, valued at $2,886,611.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,334 shares of company stock valued at $655,765. Insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in shares of Levi Strauss & Co. by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 548,183 shares of the blue-jean maker’s stock valued at $9,067,000 after purchasing an additional 10,020 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Levi Strauss & Co. by 20.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,432,143 shares of the blue-jean maker’s stock valued at $23,688,000 after acquiring an additional 242,882 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Levi Strauss & Co. by 158.3% in the fourth quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock worth $2,564,000 after acquiring an additional 95,000 shares during the period. KBC Group NV boosted its stake in shares of Levi Strauss & Co. by 1.8% in the fourth quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock worth $1,832,000 after acquiring an additional 1,917 shares during the period. Finally, Capital Research Global Investors grew its position in shares of Levi Strauss & Co. by 17.8% during the fourth quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock worth $109,584,000 after purchasing an additional 1,000,000 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.