Algert Global LLC Has $761,000 Holdings in Levi Strauss & Co. (NYSE:LEVI)

Algert Global LLC decreased its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 39.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 39,463 shares of the blue-jean maker's stock after selling 26,107 shares during the quarter. Algert Global LLC's holdings in Levi Strauss & Co. were worth $761,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LEVI. Susquehanna International Securities Ltd. acquired a new position in Levi Strauss & Co. during the 2nd quarter worth about $239,000. Scientech Research LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter worth about $361,000. Shellback Capital LP acquired a new position in Levi Strauss & Co. during the 2nd quarter worth about $482,000. The Manufacturers Life Insurance Company lifted its position in Levi Strauss & Co. by 6,794.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker's stock worth $24,001,000 after buying an additional 1,226,818 shares in the last quarter. Finally, Millennium Management LLC lifted its position in Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker's stock worth $37,079,000 after buying an additional 1,835,107 shares in the last quarter. Institutional investors own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LEVI shares. Bank of America upped their price target on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, June 27th. OTR Global started coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They set a "positive" rating on the stock. 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 report on Thursday. 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 report on Thursday. Finally, 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 report on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.75.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares of the company's stock, valued at approximately $2,952,508.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares of the company's stock, valued at approximately $2,952,508.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Friedman sold 25,002 shares of the 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 sale, the director now directly owns 229,176 shares of the company's stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,334 shares of company stock worth $655,765 in the last ninety days. Company insiders own 3.14% of the company's stock.

Levi Strauss & Co. Trading Up 2.0 %

Shares of NYSE:LEVI traded up $0.38 during mid-day trading on Friday, reaching $19.82. The stock had a trading volume of 3,399,190 shares, compared to its average volume of 2,271,701. The firm has a market cap of $7.88 billion, a PE ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The firm has a 50 day simple moving average of $19.19 and a two-hundred day simple moving average of $20.37. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced 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. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. Levi Strauss & Co.'s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the company posted $0.28 EPS. On average, research analysts predict that Levi Strauss & Co. will post 1.25 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be given a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.62%. Levi Strauss & Co.'s dividend payout ratio is 148.57%.

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.