Teacher Retirement System of Texas acquired a new stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,770 shares of the blue-jean maker's stock, valued at approximately $498,000.
A number of other hedge funds have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. in the 4th quarter worth approximately $39,000. Matrix Trust Co boosted its position in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after acquiring an additional 4,800 shares during the last quarter. R Squared Ltd purchased a new position in Levi Strauss & Co. during the fourth quarter valued at $105,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker's stock valued at $112,000 after acquiring an additional 4,966 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new stake in Levi Strauss & Co. in the 4th quarter valued at $115,000. Institutional investors own 69.14% of the company's stock.
Levi Strauss & Co. Trading Down 3.1 %
LEVI traded down $0.45 during trading hours on Friday, reaching $13.99. 4,271,430 shares of the company's stock traded hands, compared to its average volume of 2,072,835. The firm has a 50-day moving average price of $17.20 and a 200 day moving average price of $17.70. The firm has a market capitalization of $5.54 billion, a PE ratio of 26.90, a PEG ratio of 1.92 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 52-week low of $13.51 and a 52-week high of $24.34.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.32% and a return on equity of 25.88%. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Wednesday, February 12th. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 100.00%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LEVI. Morgan Stanley cut their price objective on Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a research report on Thursday, January 30th. Citigroup reduced their price objective 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. UBS Group lowered their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Guggenheim boosted their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Barclays lowered their price objective on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an "overweight" rating for the company in a research 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 a consensus rating of "Moderate Buy" and a consensus target price of $21.27.
Check Out Our Latest Analysis on Levi Strauss & Co.
Insiders Place Their Bets
In other news, Director David A. Friedman sold 4,166 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the sale, the director now owns 104,178 shares of the company's stock, valued at approximately $1,875,204. This represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.25% of the company's stock.
Levi Strauss & Co. Company Profile
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Free Report)
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.
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