Levi Strauss & Co. (NYSE:LEVI) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123,957 shares of the blue-jean maker’s stock after acquiring an additional 20,870 shares during the quarter. Geode Capital Management LLC owned approximately 0.28% of Levi Strauss & Co. worth $24,512,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LEVI. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the third quarter worth approximately $27,000. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. during the 2nd quarter valued at $35,000. Quarry LP purchased a new position in shares of Levi Strauss & Co. during the 2nd quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after acquiring an additional 4,966 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Levi Strauss & Co. in the second quarter worth $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analysts Set New Price Targets

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

Levi Strauss & Co. Trading Down 1.6 %

Shares of LEVI stock opened at $17.19 on Friday. Levi Strauss & Co. has a 12 month low of $14.87 and a 12 month high of $24.34. The company has a market cap of $6.82 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $17.24 and its two-hundred day moving average is $18.80.

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

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.03%. Levi Strauss & Co.’s dividend payout ratio is presently 136.85%.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the sale, the director now directly owns 108,344 shares of the company’s stock, valued at $1,950,192. This represents a 7.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.14% of the stock is owned by insiders.

Levi Strauss & Co. Company 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.