Hunter Perkins Capital Management LLC lifted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI – Free Report) by 93.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 42,025 shares of the blue-jean maker’s stock after acquiring an additional 20,335 shares during the period. Hunter Perkins Capital Management LLC’s holdings in Levi Strauss & Co. were worth $727,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in LEVI. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter worth about $27,000. Quarry LP acquired a new position in Levi Strauss & Co. in the second quarter valued at about $56,000. Matrix Trust Co grew its stake in 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 buying an additional 4,800 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after buying an additional 4,966 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Levi Strauss & Co. by 32.9% in the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock valued at $209,000 after acquiring an additional 2,998 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, January 22nd. Citigroup lowered their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Barclays assumed coverage on shares of Levi Strauss & Co. in a research report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price target on the stock. Guggenheim restated a “buy” rating and issued a $23.00 price objective on shares of Levi Strauss & Co. in a research report on Friday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.18.
Insider Buying and Selling
In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the transaction, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.14% of the stock is owned by insiders.
Levi Strauss & Co. Price Performance
Levi Strauss & Co. stock opened at $17.55 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $6.96 billion, a P/E ratio of 46.17, a PEG ratio of 0.97 and a beta of 1.16. The business has a 50-day moving average of $17.33 and a 200-day moving average of $18.18. Levi Strauss & Co. has a 1 year low of $15.16 and a 1 year high of $24.34.
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.
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