Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,426,705 shares of the blue-jean maker's stock after selling 210,774 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of Levi Strauss & Co. worth $24,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Aigen Investment Management LP purchased a new position in shares of Levi Strauss & Co. during the 3rd quarter worth about $1,673,000. Charles Schwab Investment Management Inc. boosted its position in shares of Levi Strauss & Co. by 16.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker's stock valued at $17,318,000 after buying an additional 110,993 shares during the period. XTX Topco Ltd bought a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $832,000. GSA Capital Partners LLP raised its holdings in shares of Levi Strauss & Co. by 81.6% in the third quarter. GSA Capital Partners LLP now owns 117,449 shares of the blue-jean maker's stock worth $2,560,000 after buying an additional 52,760 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Levi Strauss & Co. during the 4th quarter worth approximately $511,000. Institutional investors own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

LEVI has been the topic of several research analyst reports. Morgan Stanley cut their price objective on Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Guggenheim upped 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. Wells Fargo & Company decreased their price objective on shares of 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. Telsey Advisory Group reduced their target price on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Finally, UBS Group lowered their price target 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $21.27.

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Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the sale, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.14% of the company's stock.

Levi Strauss & Co. Stock Down 4.7 %

Shares of LEVI traded down $0.77 during trading hours on Thursday, hitting $15.60. The company had a trading volume of 1,329,226 shares, compared to its average volume of 2,010,664. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6.17 billion, a PE ratio of 29.99, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16. Levi Strauss & Co. has a one year low of $15.51 and a one year high of $24.34. The company's fifty day moving average price is $17.82 and its two-hundred day moving average price is $18.10.

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, topping analysts' consensus estimates 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, equities analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.'s dividend payout ratio is currently 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.