Charles Schwab Investment Management Inc. raised its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 16.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 794,408 shares of the blue-jean maker's stock after acquiring an additional 110,993 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.20% of Levi Strauss & Co. worth $17,318,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Levi Strauss & Co. by 31.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,502 shares of the blue-jean maker's stock valued at $350,000 after purchasing an additional 4,202 shares in the last quarter. California State Teachers Retirement System raised its holdings in Levi Strauss & Co. by 1.0% during the first quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker's stock worth $1,702,000 after buying an additional 851 shares during the last quarter. SG Americas Securities LLC raised its holdings in Levi Strauss & Co. by 104.5% during the second quarter. SG Americas Securities LLC now owns 16,547 shares of the blue-jean maker's stock worth $319,000 after buying an additional 8,457 shares during the last quarter. Vista Investment Partners LLC bought a new position in shares of Levi Strauss & Co. in the second quarter valued at $343,000. Finally, BTC Capital Management Inc. grew its holdings in shares of Levi Strauss & Co. by 11.6% during the second quarter. BTC Capital Management Inc. now owns 16,441 shares of the blue-jean maker's stock valued at $317,000 after buying an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
Levi Strauss & Co. Stock Performance
Levi Strauss & Co. stock traded down $0.13 during mid-day trading on Friday, reaching $17.77. 1,699,618 shares of the company's stock were exchanged, compared to its average volume of 1,882,305. The business's fifty day simple moving average is $17.91 and its 200 day simple moving average is $19.32. 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. has a one year low of $14.70 and a one year high of $24.34. The firm has a market capitalization of $7.05 billion, a PE ratio of 46.76, a P/E/G ratio of 1.02 and a beta of 1.18.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping 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 company had revenue of $1.52 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the business posted $0.28 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, sell-side analysts expect that Levi Strauss & Co. will post 1.23 earnings per share for the current year.
Levi Strauss & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.93%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 136.85%.
Insider Activity at Levi Strauss & Co.
In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the business's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total transaction of $149,976.00. Following the sale, the director now owns 108,344 shares of the company's stock, valued at $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.14% of the stock is owned by company insiders.
Analyst Ratings Changes
LEVI has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, October 3rd. TD Cowen lowered their price objective on 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 cut their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and an average target price of $22.75.
Read Our Latest Stock Analysis on Levi Strauss & Co.
Levi Strauss & Co. Company 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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