Algert Global LLC Has $761,000 Stock Position in Levi Strauss & Co. (NYSE:LEVI)

Algert Global LLC trimmed its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 39.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,463 shares of the blue-jean maker’s stock after selling 26,107 shares during the quarter. Algert Global LLC’s holdings in Levi Strauss & Co. were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. 272 Capital LP acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $35,000. Headlands Technologies LLC acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $135,000. nVerses Capital LLC acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $195,000. Susquehanna International Securities Ltd. acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $239,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $265,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now directly owns 158,344 shares in the company, valued at $2,886,611.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the transaction, the director now directly owns 158,344 shares of the company’s stock, valued at $2,886,611.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,334 shares of company stock valued at $655,765. Company insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $19.82 on Friday. The firm has a fifty day moving average of $19.19 and a two-hundred day moving average of $20.35. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 56.63, a PEG ratio of 1.19 and a beta of 1.14. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $24.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.42.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.25 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is presently 148.57%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LEVI shares. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Thursday. JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America upped their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Stifel Nicolaus reduced their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. Finally, OTR Global began coverage on Levi Strauss & Co. in a report on Friday, June 14th. They set a “positive” rating on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $22.75.

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.