Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP trimmed its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 54.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,032 shares of the blue-jean maker's stock after selling 41,709 shares during the quarter. Aigen Investment Management LP's holdings in Levi Strauss & Co. were worth $606,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Levi Strauss & Co. by 19.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker's stock worth $16,383,000 after buying an additional 152,590 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Levi Strauss & Co. by 1,436.0% in the fourth quarter. Jones Financial Companies Lllp now owns 7,250 shares of the blue-jean maker's stock valued at $125,000 after purchasing an additional 6,778 shares in the last quarter. CORDA Investment Management LLC. increased its stake in Levi Strauss & Co. by 2.4% in the fourth quarter. CORDA Investment Management LLC. now owns 693,429 shares of the blue-jean maker's stock valued at $11,996,000 after purchasing an additional 16,367 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $1,415,000. Finally, Olympiad Research LP acquired a new stake in Levi Strauss & Co. during the 4th quarter worth $348,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the transaction, the director now owns 100,012 shares of the company's stock, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.14% of the company's stock.

Analyst Ratings Changes

LEVI has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. Telsey Advisory Group decreased their target price on Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. UBS Group decreased their price objective 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. Guggenheim increased their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Barclays reduced their target price on shares of 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 assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

Levi Strauss & Co. Price Performance

LEVI stock traded down $0.26 during trading on Monday, reaching $16.22. 1,839,188 shares of the company were exchanged, compared to its average volume of 2,046,620. 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 stock's 50 day moving average price is $17.88 and its 200 day moving average price is $18.15. Levi Strauss & Co. has a 52-week low of $15.62 and a 52-week high of $24.34. The company has a market cap of $6.42 billion, a P/E ratio of 31.19, a PEG ratio of 1.92 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating 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%. As a group, analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 3.21%. Levi Strauss & Co.'s dividend payout ratio is presently 100.00%.

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.