Levi Strauss & Co. (NYSE:LEVI) Price Target Cut to $19.00 by Analysts at JPMorgan Chase & Co.

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

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday. Barclays started coverage on shares of Levi Strauss & Co. in a report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Citigroup dropped their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley cut their price objective on Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.18.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $17.55 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. Levi Strauss & Co. has a fifty-two week low of $15.16 and a fifty-two week high of $24.34. The stock has a market cap of $6.96 billion, a PE ratio of 46.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16. The stock has a fifty day moving average of $17.33 and a 200-day moving average of $18.18.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the sale, the director now owns 104,178 shares of the company’s stock, valued at $1,875,204. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $8,552,000. Shellback Capital LP bought a new stake in Levi Strauss & Co. in the second quarter valued at $482,000. Aigen Investment Management LP purchased a new position in Levi Strauss & Co. during the 3rd quarter valued at $1,673,000. Charles Schwab Investment Management Inc. raised its holdings in Levi Strauss & Co. by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker’s stock worth $17,318,000 after purchasing an additional 110,993 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Levi Strauss & Co. in the 3rd quarter worth about $832,000. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.