Citigroup Cuts Levi Strauss & Co. (NYSE:LEVI) Price Target to $14.00

Levi Strauss & Co. (NYSE:LEVI) had its price target decreased by equities researchers at Citigroup from $19.00 to $14.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the blue-jean maker’s stock. Citigroup’s price objective indicates a potential upside of 11.87% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Morgan Stanley cut their price target on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Guggenheim raised their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. UBS Group dropped their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $23.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $19.45.

Levi Strauss & Co. Stock Down 7.3 %

Shares of LEVI opened at $12.52 on Monday. The company’s 50-day moving average price is $16.88 and its 200 day moving average price is $17.55. Levi Strauss & Co. has a 12-month low of $12.33 and a 12-month high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4.95 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the transaction, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.25% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new position in Levi Strauss & Co. during the fourth quarter worth approximately $57,000. New Age Alpha Advisors LLC purchased a new stake in Levi Strauss & Co. in the fourth quarter valued at approximately $82,000. Matrix Trust Co boosted its holdings in shares of Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Levi Strauss & Co. during the fourth quarter worth approximately $105,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

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.