Levi Strauss & Co. (NYSE:LEVI) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 119.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,541,784 shares of the blue-jean maker's stock after acquiring an additional 840,251 shares during the period. Allspring Global Investments Holdings LLC owned about 0.39% of Levi Strauss & Co. worth $26,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Asset Management One Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the 3rd quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. during the fourth quarter worth $39,000. Matrix Trust Co increased its position in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after buying an additional 4,800 shares in the last quarter. R Squared Ltd acquired a new position in shares of Levi Strauss & Co. in the fourth quarter worth $105,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock valued at $112,000 after acquiring an additional 4,966 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Trading Up 0.8 %

Shares of LEVI stock traded up $0.15 on Wednesday, reaching $18.24. 1,007,209 shares of the stock were exchanged, compared to its average volume of 2,103,101. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.22 billion, a P/E ratio of 35.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.17. The firm has a 50 day moving average of $17.77 and a two-hundred day moving average of $18.20. Levi Strauss & Co. has a 1-year low of $15.62 and a 1-year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 2.85%. Levi Strauss & Co.'s payout ratio is 100.00%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now directly owns 108,344 shares of the company's stock, valued at $1,950,192. This trade represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 16,664 shares of company stock valued at $301,785 over the last ninety days. Corporate insiders own 3.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LEVI. JPMorgan Chase & Co. dropped their price objective on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Guggenheim lifted their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Morgan Stanley cut their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. UBS Group decreased 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 cut their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

Levi Strauss & Co. Company Profile

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.