Woodson Capital Management LP Lowers Holdings in Levi Strauss & Co. (NYSE:LEVI)

Woodson Capital Management LP cut its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 785,500 shares of the blue-jean maker's stock after selling 314,500 shares during the quarter. Levi Strauss & Co. makes up about 3.3% of Woodson Capital Management LP's holdings, making the stock its 13th biggest holding. Woodson Capital Management LP owned 0.20% of Levi Strauss & Co. worth $17,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. in the 3rd quarter worth approximately $27,000. 272 Capital LP purchased a new position in Levi Strauss & Co. during the second quarter valued at $35,000. Quarry LP bought a new position in shares of Levi Strauss & Co. during the 2nd quarter valued at approximately $56,000. Headlands Technologies LLC purchased a new position in Levi Strauss & Co. during the second quarter valued at approximately $135,000. Finally, nVerses Capital LLC bought a new position in shares of Levi Strauss & Co. in the second quarter worth approximately $195,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded up $0.55 on Friday, reaching $17.46. The company's stock had a trading volume of 1,313,496 shares, compared to its average volume of 2,236,564. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The stock's fifty day simple moving average is $18.25 and its 200-day simple moving average is $19.53. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1 year low of $14.70 and a 1 year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. Analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.'s payout ratio is currently 136.85%.

Analysts Set New Price Targets

LEVI has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Stifel Nicolaus decreased their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. TD Cowen dropped their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and an average price target of $22.75.

Insider Buying and Selling at Levi Strauss & Co.

In related news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now owns 229,176 shares in the company, valued at $4,583,520. This trade represents a 9.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Company 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.