Stocks to Watch: Levi Strauss & Co. (NYSE:LEVI) Shares Gap Down to $18.89

Levi Strauss & Co. (NYSE:LEVI) gapped down before the market opened on Thursday . The stock had previously closed at $18.58, but opened at $18.89. Levi Strauss & Co. shares last traded at $18.36, with a volume of 29,155 shares traded.

A number of research firms have recently issued reports on LEVI. Goldman Sachs Group set a €100.00 ($116.28) price objective on shares of Henkel AG & Co KGaA and gave the stock a “buy” rating in a report on Wednesday. Guggenheim began coverage on shares of Levi Strauss & Co. in a report on Monday, April 15th. They set a “buy” rating and a $26.00 price objective for the company. Telsey Advisory Group began coverage on shares of Levi Strauss & Co. in a report on Monday, April 15th. They set an “outperform” rating and a $28.00 price objective for the company. Citigroup lifted their price objective on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell from $68.00 to $77.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.86.

The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $21.03.

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

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of Levi Strauss & Co. by 33.1% during the second quarter. Commonwealth Equity Services LLC now owns 22,258 shares of the blue-jean maker’s stock valued at $464,000 after buying an additional 5,533 shares during the last quarter. FMR LLC purchased a new stake in shares of Levi Strauss & Co. during the first quarter valued at approximately $14,917,000. Hall Kathryn A. purchased a new stake in shares of Levi Strauss & Co. during the first quarter valued at approximately $137,211,000. Marshall Wace North America L.P. purchased a new stake in shares of Levi Strauss & Co. during the first quarter valued at approximately $2,631,000. Finally, KCL Capital L.P. purchased a new stake in shares of Levi Strauss & Co. during the first quarter valued at approximately $471,000. 9.05% of the stock is owned by institutional investors and hedge funds.

About Levi Strauss & Co. (NYSE:LEVI)

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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