Pier Capital LLC Has $9.67 Million Stock Position in Levi Strauss & Co. (NYSE:LEVI)

Pier Capital LLC increased its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 558,973 shares of the blue-jean maker's stock after acquiring an additional 195,449 shares during the period. Levi Strauss & Co. comprises approximately 1.4% of Pier Capital LLC's holdings, making the stock its 17th largest holding. Pier Capital LLC owned approximately 0.14% of Levi Strauss & Co. worth $9,670,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Levi Strauss & Co. by 44.6% during the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker's stock worth $205,356,000 after purchasing an additional 2,907,099 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Levi Strauss & Co. by 119.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker's stock worth $26,858,000 after buying an additional 840,251 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Levi Strauss & Co. by 59.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker's stock worth $33,907,000 after acquiring an additional 579,460 shares during the last quarter. American Century Companies Inc. increased its position in Levi Strauss & Co. by 15.8% in the 4th quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock valued at $27,823,000 after acquiring an additional 219,546 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $2,732,000. 69.14% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the transaction, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.25% of the company's stock.

Levi Strauss & Co. Stock Performance

Levi Strauss & Co. stock traded down $0.28 during midday trading on Friday, hitting $15.70. The company's stock had a trading volume of 2,544,089 shares, compared to its average volume of 2,219,639. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 1.92 and a beta of 1.16. Levi Strauss & Co. has a 1-year low of $15.44 and a 1-year high of $24.34. The company has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $17.84.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.'s payout ratio is presently 100.00%.

Analyst Ratings Changes

Several research firms recently issued reports on LEVI. Wells Fargo & Company decreased their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. UBS Group reduced their price objective 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. Telsey Advisory Group dropped their target price on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. Finally, Barclays cut their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.27.

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.