Levi Strauss & Co. (NYSE:LEVI) Stake Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Levi Strauss & Co. (NYSE:LEVI) by 64.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,471 shares of the blue-jean maker’s stock after selling 328,841 shares during the quarter. Victory Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. during the 4th quarter valued at about $39,000. Matrix Trust Co grew its stake in Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares in the last quarter. R Squared Ltd purchased a new position in Levi Strauss & Co. during the 4th quarter valued at about $105,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Levi Strauss & Co. by 2,904.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after acquiring an additional 4,966 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in Levi Strauss & Co. during the 4th quarter valued at about $115,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the transaction, the director now directly owns 104,178 shares in the company, valued at $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LEVI shares. JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Morgan Stanley lowered their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note 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 report on Monday, February 3rd. Citigroup reduced their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, Barclays reduced their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Levi Strauss & Co. Stock Up 3.3 %

LEVI opened at $16.11 on Monday. The business has a 50 day moving average price of $17.75 and a 200 day moving average price of $18.05. Levi Strauss & Co. has a twelve month low of $15.51 and a twelve month high of $24.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market cap of $6.38 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16.

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 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 forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

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

Levi Strauss & Co. Company 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.