Zacks Investment Research cuts sale of Levi Strauss & Co. (NYSE:LEVI)


Lévi Strauss & Cie (NYSE: LEVIGet a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note released Tuesday to investors, Zacks.com reports.

According to Zacks, “Levi Strauss & Co. designs and markets jeans, casual apparel and related accessories for men, women and children under the Levi’s(R), Dockers(R), Signature by Levi Strauss & Co.(TM) brands. ) and Denizen (R)brands. Its products are sold through retail chains, department stores, online sites, retail stores and dedicated shop-in-shops. Levi Strauss & Co .is based in San Francisco, USA.”

LEVI has been the subject of several other reports. Bank of America raised its price target on Levi Strauss & Co. from $30.00 to $32.00 and gave the stock a “buy” rating in a Thursday, January 27 report. TheStreet upgraded Levi Strauss & Co. from a “b-” to a “c+” rating in a Thursday, March 10 report. Wells Fargo & Company cut its price target on Levi Strauss & Co. from $28.00 to $25.00 and set an “overweight” rating for the company in a Tuesday, April 5 report. Citigroup cut its price target on Levi Strauss & Co. from $28.00 to $27.00 and set a “buy” rating for the company in a Thursday, April 7 report. Finally, Guggenheim reissued a “buy” rating and issued a price target of $33.00 on shares of Levi Strauss & Co. in a Friday, April 1, report. One financial analyst gave the stock a sell rating and twelve gave the company’s stock a buy rating. Based on MarketBeat data, Levi Strauss & Co. has an average rating of “Buy” and an average target price of $31.08.

Shares of LEVI Stock opened at $18.80 on Tuesday. The stock has a fifty-day moving average price of $20.48 and a 200-day moving average price of $23.34. The stock has a market capitalization of $7.48 billion, a PE ratio of 12.70, a P/E/G ratio of 1.55 and a beta of 1.09. Levi Strauss & Co. has a 1-year low of $17.34 and a 1-year high of $30.84. The company has a debt ratio of 0.59, a quick ratio of 0.95 and a current ratio of 1.55.

Lévi Strauss & Cie (NYSE: LEVIGet a rating) last released its quarterly earnings data on Wednesday, April 6. The blue jeans maker reported earnings per share (EPS) of $0.46 for the quarter, beating the consensus estimate of $0.42 by $0.04. The company posted revenue of $1.59 billion in the quarter, versus $1.55 billion expected by analysts. Levi Strauss & Co. had a return on equity of 40.41% and a net margin of 10.03%. Levi Strauss & Co. revenue increased 21.9% year-over-year. During the same period a year earlier, the company posted earnings per share of $0.34. As a group, equity research analysts expect Levi Strauss & Co. to post 1.55 earnings per share for the current year.

In other Levi Strauss & Co., EVP news Seth Jaffe sold 14,602 shares of the company in a transaction dated Monday, January 31. The stock was sold at an average price of $21.67, for a total transaction of $316,425.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, insider Jennifer A. Sey sold 28,432 shares of the company in a trade dated Wednesday, February 9. The stock was sold at an average price of $24.00, for a total value of $682,368.00. Disclosure of this sale can be found here. In the past three months, insiders have sold 70,125 shares of the company valued at $1,576,124. 3.69% of the shares are held by insiders of the company.

Hedge funds and other institutional investors have recently changed their holdings in the company. Counterpoint Mutual Funds LLC purchased a new equity stake in Levi Strauss & Co. in the fourth quarter worth approximately $26,000. Banque Cantonale Vaudoise bought a new equity stake in Levi Strauss & Co. in the third quarter worth about $43,000. Western Pacific Wealth Management LP bought a new equity stake in Levi Strauss & Co. in the fourth quarter worth about $50,000. Psagot Value Holdings Ltd. bought a new equity stake in Levi Strauss & Co. in the third quarter worth about $74,000. Finally, Schroder Investment Management Group acquired a new position in shares of Levi Strauss & Co. in the third quarter worth approximately $94,000. 69.45% of the shares are held by institutional investors.

Company Profile Levi Strauss & Co. (Get a rating)

Levi Strauss & Co operates as a clothing company. The company designs, markets and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, shoes and related accessories for men, women and children in the Americas, Europe and Asia. It also sells its products under the Levi’s, Dockers, Signature by Levi Strauss & Co and Denizen brands.

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