Dynamic Technology Lab Private Ltd Sells 212,661 Shares of Levi Strauss & Co. (NYSE:LEVI)

Dynamic Technology Lab Private Ltd lessened its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 94.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,536 shares of the blue-jean maker's stock after selling 212,661 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Levi Strauss & Co. were worth $251,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Algert Global LLC grew its stake in Levi Strauss & Co. by 282.1% in the third quarter. Algert Global LLC now owns 150,793 shares of the blue-jean maker's stock valued at $3,287,000 after acquiring an additional 111,330 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Levi Strauss & Co. by 16.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker's stock valued at $17,318,000 after purchasing an additional 110,993 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Levi Strauss & Co. in the 3rd quarter valued at approximately $2,328,000. Cornercap Investment Counsel Inc. bought a new stake in Levi Strauss & Co. during the 3rd quarter worth approximately $313,000. Finally, KBC Group NV raised its holdings in Levi Strauss & Co. by 1.9% during the 3rd quarter. KBC Group NV now owns 113,550 shares of the blue-jean maker's stock worth $2,475,000 after buying an additional 2,117 shares during the period. Institutional investors own 69.14% of the company's stock.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares of the company's stock, valued at $4,583,520. This trade represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.14% of the company's stock.

Levi Strauss & Co. Stock Up 4.1 %

Shares of NYSE LEVI traded up $0.71 during mid-day trading on Monday, hitting $18.18. The company had a trading volume of 2,940,948 shares, compared to its average volume of 2,239,600. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a 50-day simple moving average of $18.15 and a two-hundred day simple moving average of $19.42. The company has a market capitalization of $7.21 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. Levi Strauss & Co. has a one year low of $14.70 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share 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 firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.28 earnings per share. The business's revenue was up .4% compared to the same quarter last year. On average, equities analysts expect that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.86%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 136.85%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LEVI shares. JPMorgan Chase & Co. upped their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Stifel Nicolaus reduced 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 note on Thursday, October 3rd. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Finally, TD Cowen reduced their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.75.

About Levi Strauss & Co.

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.