Counterpoint Mutual Funds LLC Makes New Investment in Levi Strauss & Co. (NYSE:LEVI)

Counterpoint Mutual Funds LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,063 shares of the blue-jean maker's stock, valued at approximately $278,000.

A number of other institutional investors also recently modified their holdings of LEVI. KBC Group NV boosted its stake in shares of Levi Strauss & Co. by 1.9% in the 3rd quarter. KBC Group NV now owns 113,550 shares of the blue-jean maker's stock valued at $2,475,000 after purchasing an additional 2,117 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at $2,328,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Levi Strauss & Co. by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker's stock valued at $17,318,000 after purchasing an additional 110,993 shares during the last quarter. Algert Global LLC boosted its stake in shares of Levi Strauss & Co. by 282.1% in the 3rd quarter. Algert Global LLC now owns 150,793 shares of the blue-jean maker's stock valued at $3,287,000 after purchasing an additional 111,330 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Levi Strauss & Co. by 44.6% in the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker's stock valued at $205,356,000 after purchasing an additional 2,907,099 shares during the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Stock Up 1.4 %

Shares of LEVI stock traded up $0.23 on Friday, hitting $16.03. The stock had a trading volume of 3,336,437 shares, compared to its average volume of 2,189,231. The business has a 50 day moving average of $17.57 and a 200 day moving average of $17.95. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. Levi Strauss & Co. has a 12-month low of $15.45 and a 12-month high of $24.34.

Remove Ads

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. As a group, analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 3.24%. Levi Strauss & Co.'s payout ratio is currently 100.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LEVI shares. Telsey Advisory Group reduced their price objective on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Citigroup dropped their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. UBS Group dropped their target price on shares of 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, Wells Fargo & Company lowered their price objective on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $21.27.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated 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 transaction, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.14% of the stock is owned by company insiders.

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.