Citigroup Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $19.00

Levi Strauss & Co. (NYSE:LEVI) had its price target decreased by Citigroup from $21.00 to $19.00 in a research report report published on Friday morning,Benzinga reports. Citigroup currently has a neutral rating on the blue-jean maker’s stock.

A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. TD Cowen decreased their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Barclays started coverage on Levi Strauss & Co. in a report on Wednesday, January 8th. They issued an “overweight” rating and a $24.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Levi Strauss & Co. Stock Down 1.2 %

Shares of NYSE:LEVI opened at $17.37 on Friday. The firm has a 50 day simple moving average of $17.25 and a 200 day simple moving average of $18.24. Levi Strauss & Co. has a 52 week low of $15.10 and a 52 week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The company has a market cap of $6.89 billion, a PE ratio of 45.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 8,332 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.00, for a total transaction of $149,976.00. Following the completion of the sale, the director now owns 108,344 shares in the company, valued at approximately $1,950,192. This represents a 7.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC bought a new position in shares of Levi Strauss & Co. in the second quarter valued at approximately $380,000. Sei Investments Co. raised its holdings in Levi Strauss & Co. by 8.5% in the 2nd quarter. Sei Investments Co. now owns 228,913 shares of the blue-jean maker’s stock worth $4,413,000 after acquiring an additional 17,889 shares during the period. Magnetar Financial LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter worth $281,000. Lombard Odier Asset Management USA Corp lifted its position in Levi Strauss & Co. by 6.2% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 54,765 shares of the blue-jean maker’s stock worth $1,056,000 after acquiring an additional 3,204 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in Levi Strauss & Co. during the second quarter valued at about $3,219,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

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.