ArrowMark Colorado Holdings LLC Has $12.63 Million Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

ArrowMark Colorado Holdings LLC cut its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 579,200 shares of the blue-jean maker's stock after selling 72,782 shares during the quarter. ArrowMark Colorado Holdings LLC owned 0.15% of Levi Strauss & Co. worth $12,627,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock worth $112,000 after acquiring an additional 4,966 shares in the last quarter. Maverick Capital Ltd. bought a new position in shares of Levi Strauss & Co. in the third quarter worth $1,222,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Levi Strauss & Co. by 59.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker's stock worth $33,907,000 after acquiring an additional 579,460 shares during the period. Blueshift Asset Management LLC bought a new position in Levi Strauss & Co. during the third quarter valued at about $261,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Levi Strauss & Co. by 274.5% in the third quarter. BNP Paribas Financial Markets now owns 33,657 shares of the blue-jean maker's stock valued at $734,000 after buying an additional 24,669 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Up 1.3 %

Shares of Levi Strauss & Co. stock traded up $0.24 during midday trading on Tuesday, reaching $18.42. 807,414 shares of the company's stock traded hands, compared to its average volume of 2,233,301. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 47.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. Levi Strauss & Co. has a 52 week low of $14.70 and a 52 week high of $24.34. The company's 50 day simple moving average is $18.15 and its 200 day simple moving average is $19.42.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate 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 for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 earnings per share. Equities analysts expect that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.82%. Levi Strauss & Co.'s dividend payout ratio is presently 136.85%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. Stifel Nicolaus lowered their price target 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. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Finally, TD Cowen dropped their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the transaction, the director now owns 229,176 shares in the company, valued at approximately $4,583,520. The trade was a 9.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.14% of the stock is owned by corporate insiders.

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.