Quantbot Technologies LP Buys New Stake in Levi Strauss & Co. (NYSE:LEVI)

Quantbot Technologies LP acquired a new stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 157,931 shares of the blue-jean maker's stock, valued at approximately $2,732,000.

Several other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its stake 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 valued at $205,356,000 after purchasing an additional 2,907,099 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings 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 valued at $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 boosted its position in Levi Strauss & Co. by 59.4% in 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 valued at $33,907,000 after buying an additional 579,460 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Levi Strauss & Co. by 19.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker's stock worth $16,383,000 after acquiring an additional 152,590 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Levi Strauss & Co. during the fourth quarter worth approximately $2,450,000. Institutional investors own 69.14% of the company's stock.

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Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated 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 directly owns 100,012 shares of the company's stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.14% of the company's stock.

Levi Strauss & Co. Stock Down 0.3 %

Shares of LEVI traded down $0.06 during midday trading on Thursday, hitting $15.99. 1,680,882 shares of the company's stock traded hands, compared to its average volume of 2,190,853. Levi Strauss & Co. has a 1 year low of $15.45 and a 1 year high of $24.34. The firm's fifty day moving average is $17.49 and its 200-day moving average is $17.89. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 30.74, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating 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 anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a yield of 3.25%. Levi Strauss & Co.'s payout ratio is 100.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Guggenheim increased their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Citigroup cut their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, January 24th. UBS Group cut their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating for the company in a report 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.27.

Levi Strauss & Co. Company Profile

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.