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Levi Strauss & Co. (NYSE:LEVI - Get Rating)'s stock price gapped down prior to trading on Friday after Guggenheim lowered their price target on the stock from $33.00 to $27.00. The stock had previously closed at $15.93, but opened at $15.19. Guggenheim currently has a buy rating on the stock. Levi Strauss & Co. shares last traded at $15.00, with a volume of 57,445 shares traded.

Several other research firms have also commented on LEVI. Telsey Advisory Group lowered their price target on shares of Levi Strauss & Co. from $30.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Levi Strauss & Co. from $20.00 to $23.00 in a report on Friday. Wells Fargo & Company cut their price target on shares of Levi Strauss & Co. from $22.00 to $19.00 and set an "overweight" rating for the company in a report on Friday. Evercore ISI reduced their price objective on shares of Levi Strauss & Co. from $40.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, July 8th. Finally, Morgan Stanley downgraded Levi Strauss & Co. from an "overweight" rating to an "equal weight" rating and set a $19.00 target price on the stock. in a report on Thursday, August 4th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $24.91.Insider Buying and Selling

In related news, EVP Seth Jaffe sold 11,276 shares of Levi Strauss & Co. stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $14.95, for a total value of $168,576.20. Following the completion of the sale, the executive vice president now directly owns 148,299 shares in the company, valued at $2,217,070.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.69% of the company's stock. Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parnassus Investments LLC lifted its holdings in shares of Levi Strauss & Co. by 19.1% during the 1st quarter. Parnassus Investments LLC now owns 6,480,060 shares of the blue-jean maker's stock valued at $128,046,000 after purchasing an additional 1,039,754 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Levi Strauss & Co. by 20.5% during the 1st quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker's stock valued at $125,773,000 after purchasing an additional 1,084,969 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Levi Strauss & Co. by 2.4% during the 2nd quarter. Franklin Resources Inc. now owns 2,150,090 shares of the blue-jean maker's stock valued at $35,089,000 after purchasing an additional 50,239 shares in the last quarter. Cambridge Trust Co. lifted its holdings in shares of Levi Strauss & Co. by 387.5% during the 1st quarter. Cambridge Trust Co. now owns 2,072,760 shares of the blue-jean maker's stock valued at $40,958,000 after purchasing an additional 1,647,540 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Levi Strauss & Co. by 21.4% during the 4th quarter. Millennium Management LLC now owns 1,155,274 shares of the blue-jean maker's stock valued at $28,917,000 after purchasing an additional 203,977 shares in the last quarter. Institutional investors own 17.81% of the company's stock. Levi Strauss & Co. Price Performance

The company has a fifty day moving average price of $17.81 and a two-hundred day moving average price of $18.04. The firm has a market cap of $5.95 billion, a P/E ratio of 11.06, a PEG ratio of 2.60 and a beta of 1.15. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58.

Levi Strauss & Co. (NYSE:LEVI - Get Rating) last announced its earnings results on Thursday, October 6th. The blue-jean maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. Levi Strauss & Co. had a return on equity of 40.03% and a net margin of 9.48%. The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm earned $0.48 EPS. Levi Strauss & Co.'s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that Levi Strauss & Co. will post 1.54 earnings per share for the current year. About Levi Strauss & Co. (Get Rating)

Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, 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.Featured StoriesGet a free copy of the StockNews.com research report on Levi Strauss & Co. (LEVI)ConAgra Brands Is A Value Pick For Income Investors 3 Stocks With Market-Beating Price PerformanceLucid Motors May Test Investors' Resolve, But Should They Sell? Box Inc. Stock on Track to Become a Q4 WinnerIs Ford's Revenue Enough to Juice its Stock Price?

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