Asset Management One Co. Ltd. Makes New Investment in Levi Strauss & Co. (NYSE:LEVI)

Asset Management One Co. Ltd. bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the third quarter, Holdings Channel.com reports. The fund bought 1,235 shares of the blue-jean maker’s stock, valued at approximately $27,000.

A number of other hedge funds have also modified their holdings of LEVI. Brandes Investment Partners LP boosted its position in Levi Strauss & Co. by 1.8% during the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock worth $824,000 after acquiring an additional 743 shares during the last quarter. Hunter Perkins Capital Management LLC lifted its stake in Levi Strauss & Co. by 3.7% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock worth $473,000 after purchasing an additional 765 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Levi Strauss & Co. by 1.0% during the 1st quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock worth $1,702,000 after purchasing an additional 851 shares during the last quarter. Waycross Investment Management Co grew its position in shares of Levi Strauss & Co. by 2.6% in the second quarter. Waycross Investment Management Co now owns 38,195 shares of the blue-jean maker’s stock valued at $736,000 after purchasing an additional 955 shares in the last quarter. Finally, BTC Capital Management Inc. increased its holdings in shares of Levi Strauss & Co. by 11.6% in the second quarter. BTC Capital Management Inc. now owns 16,441 shares of the blue-jean maker’s stock valued at $317,000 after purchasing an additional 1,715 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the sale, the director now owns 229,176 shares in the company, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LEVI. TD Cowen lowered their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Levi Strauss & Co. Stock Up 0.2 %

Shares of NYSE:LEVI opened at $16.96 on Tuesday. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 44.63, a PEG ratio of 1.06 and a beta of 1.18. Levi Strauss & Co. has a 12-month low of $13.94 and a 12-month high of $24.34. The business has a 50-day moving average price of $18.97 and a 200 day moving average price of $19.99. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. Sell-side analysts expect that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s dividend payout ratio (DPR) is 136.85%.

Levi Strauss & Co. Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.