Mirae Asset Global Investments Co. Ltd. Makes New $39,000 Investment in Levi Strauss & Co. (NYSE:LEVI)

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,297 shares of the blue-jean maker’s stock, valued at approximately $39,000.

A number of other hedge funds also recently modified their holdings of the business. Washington Capital Management Inc. raised its position in shares of Levi Strauss & Co. by 21.4% during the fourth quarter. Washington Capital Management Inc. now owns 34,000 shares of the blue-jean maker’s stock worth $588,000 after purchasing an additional 6,000 shares during the period. R Squared Ltd acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $105,000. Twelve Points Wealth Management LLC raised its position in shares of Levi Strauss & Co. by 15.4% during the fourth quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock worth $989,000 after purchasing an additional 7,633 shares during the period. Hunter Perkins Capital Management LLC raised its position in shares of Levi Strauss & Co. by 93.8% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock worth $727,000 after purchasing an additional 20,335 shares during the period. Finally, KBC Group NV raised its position in Levi Strauss & Co. by 0.8% in the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

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 transaction of $149,976.00. Following the completion of the sale, the director now 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 filing with the SEC, which is available at the SEC website. Insiders have sold 16,664 shares of company stock valued at $301,785 in the last quarter. Insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $18.32 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 35.22, a PEG ratio of 1.96 and a beta of 1.17. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $17.75 and its 200 day moving average is $18.20. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. On average, sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date is Wednesday, February 12th. Levi Strauss & Co.’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LEVI. Guggenheim lifted their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley lowered their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. UBS Group lowered their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Finally, Barclays lowered their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Levi Strauss & Co. Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.