Victory Capital Management Inc. Sells 64,817 Shares of Levi Strauss & Co. (NYSE:LEVI)

Victory Capital Management Inc. reduced its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 11.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 512,312 shares of the blue-jean maker’s stock after selling 64,817 shares during the period. Victory Capital Management Inc. owned about 0.13% of Levi Strauss & Co. worth $11,168,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Aigen Investment Management LP purchased a new position in Levi Strauss & Co. in the third quarter valued at approximately $1,673,000. GSA Capital Partners LLP lifted its stake in Levi Strauss & Co. by 81.6% in the third quarter. GSA Capital Partners LLP now owns 117,449 shares of the blue-jean maker’s stock valued at $2,560,000 after purchasing an additional 52,760 shares during the last quarter. Versor Investments LP lifted its stake in Levi Strauss & Co. by 155.6% in the third quarter. Versor Investments LP now owns 75,600 shares of the blue-jean maker’s stock valued at $1,648,000 after purchasing an additional 46,023 shares during the last quarter. Jensen Investment Management Inc. lifted its stake in Levi Strauss & Co. by 36.1% in the third quarter. Jensen Investment Management Inc. now owns 200,970 shares of the blue-jean maker’s stock valued at $4,381,000 after purchasing an additional 53,340 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. in the third quarter valued at approximately $27,000. 69.14% of the stock is owned by institutional investors.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,583,520. This trade represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on LEVI shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen dropped their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and an average target price of $22.75.

Levi Strauss & Co. Trading Down 1.3 %

NYSE:LEVI opened at $15.78 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. Levi Strauss & Co. has a 1 year low of $14.70 and a 1 year high of $24.34. The company has a market cap of $6.26 billion, a P/E ratio of 41.53, a P/E/G ratio of 1.03 and a beta of 1.18. The stock’s fifty day moving average price is $18.61 and its two-hundred day moving average price is $19.75.

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

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a yield of 3.30%. Levi Strauss & Co.’s dividend payout ratio is presently 136.85%.

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.