Fintel reports that on June 14, 2024, OTR Global initiated coverage of Levi Strauss (NYSE:LEVI) with a Positive recommendation.
Analyst Price Forecast Suggests 1.73% Downside
As of June 12, 2024, the average one-year price target for Levi Strauss is 22.45. The forecasts range from a low of 19.19 to a high of $26.25. The average price target represents a decrease of 1.73% from its latest reported closing price of 22.85.
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The projected annual revenue for Levi Strauss is 6,857MM, an increase of 13.38%. The projected annual non-GAAP EPS is 1.63.
What is the Fund Sentiment?
There are 380 funds or institutions reporting positions in Levi Strauss. This is an increase of 1 owner(s) or 0.26% in the last quarter. Average portfolio weight of all funds dedicated to LEVI is 0.22%, an increase of 7.46%. Total shares owned by institutions increased in the last three months by 0.00% to 107,871K shares. 
The put/call ratio of LEVI is 0.85, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 8,334K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 7,942K shares , representing an increase of 4.71%. The firm decreased its portfolio allocation in LEVI by 82.87% over the last quarter.
Capital Research Global Investors holds 6,625K shares representing 1.66% ownership of the company. No change in the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 6,625K shares representing 1.66% ownership of the company. No change in the last quarter.
Macquarie Group holds 6,351K shares representing 1.60% ownership of the company. In its prior filing, the firm reported owning 6,343K shares , representing an increase of 0.13%. The firm increased its portfolio allocation in LEVI by 1.69% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 5,836K shares representing 1.47% ownership of the company. In its prior filing, the firm reported owning 5,750K shares , representing an increase of 1.48%. The firm increased its portfolio allocation in LEVI by 3.66% over the last quarter.
Levi Strauss Background Information
(This description is provided by the company.)
Levi Strauss & Co. is one of the world's largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,100 retail stores and shop-in-shops. Levi Strauss & Co.'s reported 2020 net revenues were $4,453 million.
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