Charles Schwab Investment Management Inc. Has $16.38 Million Stake in Levi Strauss & Co. (NYSE:LEVI)

Charles Schwab Investment Management Inc. grew its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 946,998 shares of the blue-jean maker's stock after acquiring an additional 152,590 shares during the period. Charles Schwab Investment Management Inc. owned about 0.24% of Levi Strauss & Co. worth $16,383,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Levi Strauss & Co. in the 4th quarter valued at $39,000. Matrix Trust Co increased its holdings in shares of Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock valued at $95,000 after purchasing an additional 4,800 shares during the last quarter. R Squared Ltd bought a new position in shares of Levi Strauss & Co. in the fourth quarter valued at about $105,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Levi Strauss & Co. by 2,904.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock worth $112,000 after buying an additional 4,966 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in shares of Levi Strauss & Co. during the 4th quarter worth about $115,000. Institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

LEVI traded down $0.02 during trading on Monday, hitting $16.03. 2,176,494 shares of the stock traded hands, compared to its average volume of 2,189,401. The business has a 50 day moving average price of $17.57 and a 200 day moving average price of $17.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. Levi Strauss & Co. has a twelve month low of $15.45 and a twelve month high of $24.34. The company has a market cap of $6.35 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.92 and a beta of 1.16.

Remove Ads

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 EPS for the quarter, topping 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%. Equities research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.24%. Levi Strauss & Co.'s payout ratio is presently 100.00%.

Insider Activity

In related news, Director David A. Friedman sold 4,166 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares in the company, valued at $1,875,204. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LEVI shares. Wells Fargo & Company lowered their price target on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. Telsey Advisory Group reduced their price target on Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. UBS Group lowered their price objective on 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. Citigroup reduced their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, January 17th. Finally, Guggenheim raised 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 report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.