Jones Financial Companies Lllp Purchases 6,778 Shares of Levi Strauss & Co. (NYSE:LEVI)

Jones Financial Companies Lllp increased its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 1,436.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,250 shares of the blue-jean maker’s stock after buying an additional 6,778 shares during the quarter. Jones Financial Companies Lllp’s holdings in Levi Strauss & Co. were worth $125,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. Matrix Trust Co boosted its position in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after purchasing an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $105,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after purchasing an additional 4,966 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $115,000. 69.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the sale, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on LEVI shares. Telsey Advisory Group reduced their price target on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Morgan Stanley reduced their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. UBS Group reduced their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Barclays cut their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Citigroup cut their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $16.11 on Friday. The stock has a market cap of $6.38 billion, a P/E ratio of 30.97, a PEG ratio of 1.92 and a beta of 1.16. The stock has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $18.05. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 1-year low of $15.51 and a 1-year high of $24.34.

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

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 3.23%. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

About Levi Strauss & Co.

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.