Landscape Capital Management L.L.C. Takes $2.33 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Landscape Capital Management L.L.C. acquired a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 106,807 shares of the blue-jean maker's stock, valued at approximately $2,328,000.

Other institutional investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Levi Strauss & Co. in the 2nd quarter valued at $8,552,000. Vanguard Group Inc. boosted its position in Levi Strauss & Co. by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker's stock worth $171,034,000 after purchasing an additional 164,612 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth $3,219,000. Shellback Capital LP purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth $482,000. Finally, Aigen Investment Management LP purchased a new position in Levi Strauss & Co. in the 3rd quarter valued at about $1,673,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Performance

LEVI traded up $0.35 on Friday, hitting $16.32. 2,315,849 shares of the company's stock were exchanged, compared to its average volume of 2,238,813. The firm has a market cap of $6.47 billion, a PE ratio of 42.95, a P/E/G ratio of 1.00 and a beta of 1.18. Levi Strauss & Co. has a twelve month low of $14.70 and a twelve month high of $24.34. The stock has a fifty day moving average of $18.54 and a two-hundred day moving average of $19.72. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business's revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. On average, research analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were given a $0.13 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a yield of 3.19%. Levi Strauss & Co.'s payout ratio is 136.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Thursday, October 3rd. TD Cowen cut their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus cut their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and a consensus price target of $22.75.

Insiders Place Their Bets

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

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.