Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in Levi Strauss & Co. (NYSE:LEVI) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,941,669 shares of the blue-jean maker’s stock after selling 684,653 shares during the period. Wellington Management Group LLP owned approximately 2.00% of Levi Strauss & Co. worth $131,355,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LEVI. Swiss National Bank increased its holdings in Levi Strauss & Co. by 1.8% in the 3rd quarter. Swiss National Bank now owns 208,100 shares of the blue-jean maker’s stock valued at $2,826,000 after purchasing an additional 3,700 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Levi Strauss & Co. by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 538,163 shares of the blue-jean maker’s stock valued at $7,308,000 after acquiring an additional 26,902 shares in the last quarter. UBS Group AG grew its stake in shares of Levi Strauss & Co. by 121.7% during the third quarter. UBS Group AG now owns 493,505 shares of the blue-jean maker’s stock valued at $6,702,000 after acquiring an additional 270,870 shares in the last quarter. Citigroup Inc. grew its stake in shares of Levi Strauss & Co. by 40.2% during the third quarter. Citigroup Inc. now owns 49,879 shares of the blue-jean maker’s stock valued at $677,000 after acquiring an additional 14,295 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Levi Strauss & Co. by 1.8% during the third quarter. FMR LLC now owns 5,913,865 shares of the blue-jean maker’s stock valued at $80,310,000 after acquiring an additional 105,924 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 16,666 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $23.94, for a total value of $398,984.04. Following the transaction, the director now owns 166,676 shares in the company, valued at $3,990,223.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 16,666 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $23.94, for a total transaction of $398,984.04. Following the transaction, the director now directly owns 166,676 shares in the company, valued at approximately $3,990,223.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David A. Friedman sold 35,415 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total transaction of $708,300.00. Following the transaction, the director now owns 179,430 shares in the company, valued at $3,588,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,719 shares of company stock worth $18,426,020. 3.14% of the stock is owned by insiders.

Levi Strauss & Co. Stock Performance

LEVI opened at $23.03 on Friday. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $24.34. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. The stock has a market cap of $9.17 billion, a PE ratio of 74.29, a price-to-earnings-growth ratio of 1.35 and a beta of 1.19. The business’s 50 day moving average is $22.29 and its 200-day moving average is $19.04.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. On average, analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.48 annualized dividend and a yield of 2.08%. Levi Strauss & Co.’s dividend payout ratio (DPR) is 154.84%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LEVI. Wells Fargo & Company raised their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. OTR Global initiated coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating for the company. TD Cowen lifted their price target on Levi Strauss & Co. from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. lifted their price target on Levi Strauss & Co. from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $20.89.

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.