Levi Strauss & Co. (NYSE:LEVI) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 81.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,449 shares of the blue-jean maker’s stock after purchasing an additional 52,760 shares during the period. GSA Capital Partners LLP’s holdings in Levi Strauss & Co. were worth $2,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new stake in Levi Strauss & Co. during the second quarter worth about $8,552,000. BNP Paribas Financial Markets increased its position in Levi Strauss & Co. by 230.0% during the first quarter. BNP Paribas Financial Markets now owns 56,934 shares of the blue-jean maker’s stock worth $1,138,000 after purchasing an additional 39,683 shares during the last quarter. Vanguard Group Inc. increased its position in Levi Strauss & Co. by 2.0% during the first quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock worth $171,034,000 after purchasing an additional 164,612 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Levi Strauss & Co. during the second quarter worth about $3,219,000. Finally, Shellback Capital LP acquired a new stake in Levi Strauss & Co. during the second quarter worth about $482,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on LEVI shares. Stifel Nicolaus cut 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. TD Cowen dropped their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and an average target price of $22.75.

Levi Strauss & Co. Trading Up 0.2 %

NYSE LEVI opened at $16.96 on Tuesday. The firm has a 50 day simple moving average of $18.97 and a 200-day simple moving average of $19.99. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. Levi Strauss & Co. has a one year low of $13.94 and a one year high of $24.34. The firm has a market cap of $6.73 billion, a price-to-earnings ratio of 44.63, a PEG ratio of 1.06 and a beta of 1.18.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts anticipate that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is 136.85%.

Insider Buying and Selling

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares in the company, valued at $2,952,508.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the transaction, the director now owns 229,176 shares in the company, valued at $4,583,520. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.14% of the stock is owned by insiders.

About Levi Strauss & Co.

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.