Stifel Financial Corp Has $3.27 Million Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

Stifel Financial Corp boosted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 73.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,947 shares of the blue-jean maker's stock after acquiring an additional 63,718 shares during the quarter. Stifel Financial Corp's holdings in Levi Strauss & Co. were worth $3,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brandes Investment Partners LP grew its holdings in shares of Levi Strauss & Co. by 1.8% during the 2nd quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker's stock valued at $824,000 after acquiring an additional 743 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its position in Levi Strauss & Co. by 3.7% during the third quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker's stock valued at $473,000 after purchasing an additional 765 shares during the last quarter. Waycross Investment Management Co grew its stake in Levi Strauss & Co. by 2.6% in the second quarter. Waycross Investment Management Co now owns 38,195 shares of the blue-jean maker's stock valued at $736,000 after purchasing an additional 955 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. in the 3rd quarter worth about $27,000. Finally, 272 Capital LP acquired a new position in Levi Strauss & Co. in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LEVI shares. 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. 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. TD Cowen dropped their price target 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, JPMorgan Chase & Co. lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI traded down $0.16 during trading hours on Wednesday, hitting $16.79. 1,726,336 shares of the stock were exchanged, compared to its average volume of 2,213,686. The firm has a market capitalization of $6.66 billion, a P/E ratio of 44.19, a P/E/G ratio of 0.96 and a beta of 1.18. Levi Strauss & Co. has a one year low of $14.87 and a one year high of $24.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The company's 50 day moving average is $17.48 and its 200 day moving average is $19.05.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The company 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 quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.28 earnings per share. On average, research analysts expect that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th were issued a dividend of $0.13 per share. 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 3.10%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 136.84%.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $18.00, for a total value of $149,976.00. Following the completion of the transaction, the director now owns 108,344 shares of the company's stock, valued at $1,950,192. This represents a 7.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.14% of the company's stock.

Levi Strauss & Co. Company Profile

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.