Fintel reports that on October 6, 2023, Telsey Advisory Group maintained coverage of Levi Strauss & Co. Cls A (NYSE:LEVI) with a Outperform recommendation.
Analyst Price Forecast Suggests 27.82% Upside
As of October 5, 2023, the average one-year price target for Levi Strauss & Co. Cls A is 16.75. The forecasts range from a low of 14.14 to a high of $22.05. The average price target represents an increase of 27.82% from its latest reported closing price of 13.10.
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The projected annual revenue for Levi Strauss & Co. Cls A is 6,475MM, an increase of 5.71%. The projected annual non-GAAP EPS is 1.44.
What is the Fund Sentiment?
There are 383 funds or institutions reporting positions in Levi Strauss & Co. Cls A. This is a decrease of 7 owner(s) or 1.79% in the last quarter. Average portfolio weight of all funds dedicated to LEVI is 0.18%, a decrease of 13.81%. Total shares owned by institutions decreased in the last three months by 6.23% to 97,143K shares. 
The put/call ratio of LEVI is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 8,015K shares representing 2.02% ownership of the company. In it's prior filing, the firm reported owning 7,729K shares, representing an increase of 3.58%. The firm decreased its portfolio allocation in LEVI by 21.66% over the last quarter.
Macquarie Group holds 6,140K shares representing 1.55% ownership of the company. In it's prior filing, the firm reported owning 5,990K shares, representing an increase of 2.45%. The firm decreased its portfolio allocation in LEVI by 16.10% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 5,750K shares representing 1.45% ownership of the company. In it's prior filing, the firm reported owning 5,122K shares, representing an increase of 10.93%. The firm increased its portfolio allocation in LEVI by 7.59% over the last quarter.
Capital Research Global Investors holds 4,295K shares representing 1.08% ownership of the company. No change in the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 4,295K shares representing 1.08% ownership of the company. No change in 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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