Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 10.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 701,533 shares of the blue-jean maker's stock after selling 84,716 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.18% of Levi Strauss & Co. worth $15,293,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Millennium Management LLC lifted its position in Levi Strauss & Co. by 2,083.0% in the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker's stock valued at $37,079,000 after purchasing an additional 1,835,107 shares during the period. American Century Companies Inc. boosted its stake in shares of Levi Strauss & Co. by 2,070.8% in the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker's stock valued at $27,600,000 after buying an additional 1,365,574 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Levi Strauss & Co. by 6,794.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker's stock worth $24,001,000 after acquiring an additional 1,226,818 shares during the period. Marshall Wace LLP raised its position in Levi Strauss & Co. by 21.5% in the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker's stock worth $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Levi Strauss & Co. in the second quarter valued at $8,552,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Down 0.1 %

NYSE:LEVI traded down $0.01 on Friday, reaching $17.48. The stock had a trading volume of 2,061,308 shares, compared to its average volume of 2,262,001. Levi Strauss & Co. has a 12-month low of $13.22 and a 12-month high of $24.34. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 46.00, a P/E/G ratio of 1.14 and a beta of 1.14. The firm's fifty day moving average is $19.41 and its two-hundred day moving average is $20.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The company's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts expect that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, October 29th. Levi Strauss & Co.'s dividend payout ratio (DPR) is 136.85%.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 25,002 shares of the stock in a transaction 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 transaction, the director now directly owns 229,176 shares of the company's stock, valued at approximately $4,583,520. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director David A. Friedman sold 25,002 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now owns 229,176 shares of the company's stock, valued at approximately $4,583,520. 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 the SEC website. Also, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.