Savoir Faire Capital Management L.P. Increases Position in Levi Strauss & Co. (NYSE:LEVI)

Savoir Faire Capital Management L.P. increased its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 55.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 188,714 shares of the blue-jean maker's stock after acquiring an additional 67,401 shares during the period. Levi Strauss & Co. comprises 1.6% of Savoir Faire Capital Management L.P.'s portfolio, making the stock its 27th biggest position. Savoir Faire Capital Management L.P.'s holdings in Levi Strauss & Co. were worth $3,265,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Levi Strauss & Co. in the 4th quarter worth about $39,000. New Age Alpha Advisors LLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $82,000. Matrix Trust Co grew its stake in Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after purchasing an additional 4,800 shares in the last quarter. R Squared Ltd purchased a new position in Levi Strauss & Co. during the 4th quarter worth $105,000. Finally, Manchester Capital Management LLC bought a new stake in Levi Strauss & Co. during the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

LEVI has been the topic of several research reports. Stifel Nicolaus cut their price target on Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. 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. Bank of America raised shares of Levi Strauss & Co. from a "neutral" rating to a "buy" rating and upped their price target for the stock from $17.00 to $20.00 in a research report on Thursday, April 10th. Guggenheim lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on Levi Strauss & Co. from $20.00 to $17.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and an average price target of $19.18.

Levi Strauss & Co. Stock Up 3.6 %

NYSE:LEVI traded up $0.51 during mid-day trading on Friday, hitting $14.62. 3,609,194 shares of the company's stock traded hands, compared to its average volume of 2,153,762. The company has a fifty day moving average of $16.15 and a 200 day moving average of $17.15. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.34. The company has a market capitalization of $5.79 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.92 and a beta of 1.07.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.10. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company's revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share. On average, analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 24th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 3.56%. Levi Strauss & Co.'s dividend payout ratio (DPR) is 58.43%.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.25% of the company's stock.

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.