Figure 8 Investment Strategies LLC Makes New $879,000 Investment in Levi Strauss & Co. (NYSE:LEVI)

Figure 8 Investment Strategies LLC bought a new stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,796 shares of the blue-jean maker's stock, valued at approximately $879,000.

Several other hedge funds have also bought and sold shares of LEVI. Asset Management One Co. Ltd. bought a new stake in Levi Strauss & Co. during the third quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Levi Strauss & Co. during the fourth quarter worth approximately $39,000. Matrix Trust Co raised its stake in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after acquiring an additional 4,800 shares in the last quarter. R Squared Ltd purchased a new position in shares of Levi Strauss & Co. during the fourth quarter worth approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock worth $112,000 after acquiring an additional 4,966 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on LEVI. Citigroup decreased their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company decreased 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 research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Guggenheim lifted 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 note on Monday, February 3rd. Finally, UBS Group decreased their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. has an average rating of "Moderate Buy" and a consensus target price of $21.27.

Insider Activity at Levi Strauss & Co.

In related 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 value of $74,988.00. Following the sale, the director now owns 104,178 shares in the company, valued at $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 16,664 shares of company stock worth $301,785 over the last quarter. Corporate insiders own 3.14% of the company's stock.

Levi Strauss & Co. Trading Down 1.0 %

Shares of NYSE LEVI traded down $0.19 during mid-day trading on Tuesday, hitting $18.09. The stock had a trading volume of 1,668,671 shares, compared to its average volume of 2,145,880. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a 1 year low of $15.62 and a 1 year high of $24.34. The business has a 50 day moving average price of $17.77 and a two-hundred day moving average price of $18.20. The firm has a market cap of $7.16 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, February 12th. Levi Strauss & Co.'s dividend payout ratio (DPR) 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.