Barclays PLC lowered its stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 48.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,403 shares of the blue-jean maker's stock after selling 202,744 shares during the quarter. Barclays PLC owned about 0.05% of Levi Strauss & Co. worth $4,696,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. during the 3rd quarter worth about $27,000. 272 Capital LP purchased a new position in shares of Levi Strauss & Co. in the second quarter worth about $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. during the second quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. boosted its position in 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 buying an additional 4,966 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Levi Strauss & Co. in the 2nd quarter worth approximately $135,000. 69.14% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total transaction of $149,976.00. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.14% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several analysts have commented on LEVI shares. TD Cowen decreased their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a research 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 note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.75.
Check Out Our Latest Research Report on Levi Strauss & Co.
Levi Strauss & Co. Stock Performance
LEVI opened at $17.39 on Friday. The firm's fifty day simple moving average is $17.36 and its two-hundred day simple moving average is $18.94. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a market cap of $6.90 billion, a price-to-earnings ratio of 45.76, a PEG ratio of 0.96 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. The business's revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.'s dividend payout ratio is currently 136.84%.
Levi Strauss & Co. Profile
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Free Report)
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.
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