Aigen Investment Management LP Acquires Shares of 76,741 Levi Strauss & Co. (NYSE:LEVI)

Aigen Investment Management LP bought a new stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 76,741 shares of the blue-jean maker's stock, valued at approximately $1,673,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LEVI. Point72 Asset Management L.P. bought a new stake in Levi Strauss & Co. during the 2nd quarter worth about $8,552,000. BNP Paribas Financial Markets increased its stake in shares of Levi Strauss & Co. by 230.0% in the 1st quarter. BNP Paribas Financial Markets now owns 56,934 shares of the blue-jean maker's stock valued at $1,138,000 after acquiring an additional 39,683 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Levi Strauss & Co. by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker's stock valued at $171,034,000 after acquiring an additional 164,612 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $3,219,000. Finally, Shellback Capital LP bought a new stake in Levi Strauss & Co. during the 2nd quarter worth approximately $482,000. Institutional investors and hedge funds own 69.14% of the company's stock.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now owns 154,178 shares in the company, valued at approximately $2,952,508.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Friedman sold 25,002 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company's stock.

Wall Street Analysts Forecast Growth

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

Levi Strauss & Co. Stock Performance

LEVI stock traded down $0.11 during midday trading on Tuesday, reaching $16.87. The stock had a trading volume of 1,562,790 shares, compared to its average volume of 2,250,742. The firm has a fifty day simple moving average of $18.97 and a two-hundred day simple moving average of $19.99. The stock has a market cap of $6.69 billion, a PE ratio of 44.63, a P/E/G ratio of 1.06 and a beta of 1.18. Levi Strauss & Co. has a 52-week low of $13.94 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41.

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

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 annualized dividend and a yield of 3.08%. 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.