Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,800 shares of the blue-jean maker's stock after selling 45,800 shares during the quarter. Versor Investments LP's holdings in Levi Strauss & Co. were worth $516,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LEVI. Y Intercept Hong Kong Ltd purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $1,415,000. Olympiad Research LP purchased a new stake in Levi Strauss & Co. during the 4th quarter valued at approximately $348,000. Alberta Investment Management Corp grew its holdings in Levi Strauss & Co. by 22.6% during the 4th quarter. Alberta Investment Management Corp now owns 132,942 shares of the blue-jean maker's stock valued at $2,300,000 after buying an additional 24,536 shares in the last quarter. Valmark Advisers Inc. bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $325,000. Finally, Manchester Capital Management LLC purchased a new position in shares of Levi Strauss & Co. in the fourth quarter worth $115,000. 69.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the transaction, the director now directly owns 100,012 shares of the company's stock, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.14% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

LEVI has been the topic of a number of research reports. Guggenheim lifted their price target 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. Telsey Advisory Group cut their price objective on 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. Wells Fargo & Company decreased 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. Citigroup cut their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. 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 24th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.27.

Levi Strauss & Co. Trading Up 0.8 %

LEVI traded up $0.13 during trading on Wednesday, reaching $16.68. The company had a trading volume of 1,646,075 shares, compared to its average volume of 2,084,242. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The business has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $18.21. The stock has a market cap of $6.60 billion, a P/E ratio of 32.07, a PEG ratio of 1.92 and a beta of 1.16. Levi Strauss & Co. has a 52 week low of $15.62 and a 52 week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a $0.13 dividend. 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 3.12%. Levi Strauss & Co.'s dividend payout ratio is currently 100.00%.

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.