Bank of America Analysts Give Levi Strauss & Co. (NYSE:LEVI) a $25.00 Price Target

Bank of America set a $25.00 price objective on Levi Strauss & Co. (NYSE:LEVI) in a report issued on Wednesday, TipRanks reports. The firm currently has a hold rating on the blue-jean maker’s stock.

Several other research firms have also weighed in on LEVI. Citigroup lifted their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the stock a neutral rating in a report on Monday, April 15th. Telsey Advisory Group started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They set an outperform rating and a $28.00 target price on the stock. Morgan Stanley reduced their target price on Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a report on Monday, April 15th. Guggenheim started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They set a buy rating and a $26.00 target price on the stock. Finally, Goldman Sachs Group set a GBX 4,300 ($56.19) target price on ASOS and gave the stock a buy rating in a report on Monday, April 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $25.14.

LEVI stock opened at $20.12 on Wednesday. The business’s 50-day simple moving average is $21.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.27 and a current ratio of 2.35. Levi Strauss & Co. has a 1-year low of $18.92 and a 1-year high of $24.50.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Tuesday, July 9th. The blue-jean maker reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Levi Strauss & Co. had a return on equity of 42.83% and a net margin of 7.01%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts predict that Levi Strauss & Co. will post 1.09 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Pittenger & Anderson Inc. bought a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $29,000. Signaturefd LLC bought a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $36,000. Bank of Montreal Can bought a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $84,000. Banque Pictet & Cie SA bought a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $212,000. Finally, Jackson Wealth Management LLC bought a new stake in shares of Levi Strauss & Co. in the first quarter valued at about $236,000. Institutional investors own 9.05% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Analyst Recommendations for Levi Strauss & Co. (NYSE:LEVI)

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