Savoir Faire Capital Management L.P. Has $2.65 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Savoir Faire Capital Management L.P. lessened its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 41.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,313 shares of the blue-jean maker's stock after selling 86,735 shares during the quarter. Savoir Faire Capital Management L.P.'s holdings in Levi Strauss & Co. were worth $2,645,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LEVI. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. during the 3rd quarter valued at about $27,000. 272 Capital LP bought a new position in Levi Strauss & Co. in the second quarter valued at approximately $35,000. Quarry LP acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth $56,000. Headlands Technologies LLC bought a new stake in shares of Levi Strauss & Co. during the 2nd quarter valued at $135,000. Finally, nVerses Capital LLC acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $195,000. Institutional investors own 69.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Thursday, October 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. TD Cowen reduced their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus lowered their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Insider Buying and Selling

In related news, Director David A. Friedman sold 4,166 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now owns 154,178 shares in the company, valued at approximately $2,952,508.70. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Stock Down 1.2 %

LEVI stock traded down $0.20 during trading hours on Tuesday, reaching $15.98. 1,735,394 shares of the stock were exchanged, compared to its average volume of 2,240,331. The firm's 50-day moving average is $18.68 and its 200-day moving average is $19.78. Levi Strauss & Co. has a 12 month low of $14.70 and a 12 month high of $24.34. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 42.05, a PEG ratio of 1.03 and a beta of 1.18. 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 posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. Levi Strauss & Co.'s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, equities research analysts expect that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Tuesday, October 29th. Levi Strauss & Co.'s dividend payout ratio is presently 136.85%.

Levi Strauss & Co. 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.