Levi Strauss & Co. Sees Price Target Increase to $18 by Telsey Advisory Group

Levi Strauss & Co. (NYSE:LEVI), a renowned denim apparel brand, has recently seen its stock price target upgraded to $18.00 from the previous $16.00. This 12.5% increase was announced by the equity research analysts at Telsey Advisory Group along with an 'outperform' rating on the company's shares, indicated a positive outlook on the stock's growth potential.

Industry Analysts Provide Mixed Reviews

While Telsey Advisory Group appears optimistic about Levi Strauss & Co., other analysts have shared diverse opinions. For instance, Morgan Stanley reduced their target price from $15.00 to $14.00 and marked the stock as 'equal weight', suggesting a neutral position. Alternatively, Wells Fargo & Company adjusted its rating from 'overweight' to 'equal weight', yet set a target price matching Telsey's at $18.00. Presently, the overall analyst consensus on Levi Strauss & Co. is a 'Moderate Buy' with an average price target of $16.25, according to data compiled by MarketBeat.com.

Levi's Stock and Financial Highlights

On the financial front, Levi Strauss & Co.'s stock opened at $15.74 on the last trading session. The company's 52-week range spans from a low of $12.41 to a high of $19.35, alongside a market capitalization of $6.25 billion. Financial ratios like a PE ratio of 22.81, a P/E/G ratio of 0.54, and a beta of 1.19 give investors insight into the stock's valuation and market behavior. Moreover, the company maintains a debt-to-equity ratio of 0.52 and liquidity indicators such as a current ratio of 1.42 and a quick ratio of 0.66. The moving averages over the past fifty and two hundred days stand at $15.77 and $14.63, respectively.

Executive Transactions and Insider Trading

In terms of insider activity, noteworthy transactions have taken place recently. Elizabeth T. O'Neill, the Executive Vice President, sold 17,106 Levi Strauss & Co. shares at an average price of $15.00, culminating in a total of $256,590.00. Post-sale, O'Neill still owns 97,199 shares, valued at around $1.46 million. Information regarding these transactions has been disclosed with the SEC and is publicly accessible.

Institutional Interest in Levi Strauss & Co.

Levi Strauss & Co. also witnessed changes in stakeholdings by institutional investors. Allspring Global Investments Holdings LLC increased their shareholdings by 7.2% in the 4th quarter, now owning a total of 1,423,553 shares. Similarly, other institutions like Ceredex Value Advisors LLC, International Assets Investment Management LLC, and Strategic Advisors LLC have adjusted their investments in the company's stock, displaying a continued interest from the financial community.

About Levi Strauss & Co.

Levi Strauss & Co. is an iconic brand that specializes in designing, marketing, and selling a wide range of apparel and accessories for men, women, and children across various regions. The company's product lineup extends from its staple jeans to dress pants, activewear, and footwear, marketed under various brands including Levi's, Dockers, and Beyond Yoga, to name a few.

Levi, Investment, Apparel