Dynamic Technology Lab Private Ltd Has $251,000 Position in Levi Strauss & Co. (NYSE:LEVI)

Dynamic Technology Lab Private Ltd trimmed its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 94.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,536 shares of the blue-jean maker’s stock after selling 212,661 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Levi Strauss & Co. were worth $251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP boosted its holdings in shares of Levi Strauss & Co. by 21.5% during the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Levi Strauss & Co. by 2,083.0% during the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after purchasing an additional 1,835,107 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Levi Strauss & Co. by 2,070.8% during the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after purchasing an additional 1,365,574 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Levi Strauss & Co. by 6,794.9% in the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock valued at $24,001,000 after buying an additional 1,226,818 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Levi Strauss & Co. by 16.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker’s stock valued at $17,318,000 after buying an additional 110,993 shares during the period. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $17.46 on Monday. The firm has a market cap of $6.93 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $18.19 and a 200-day moving average price of $19.45. Levi Strauss & Co. has a 1-year low of $14.70 and a 1-year high of $24.34.

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

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is 136.85%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now owns 229,176 shares in the company, valued at approximately $4,583,520. This represents a 9.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.14% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.