Mork Capital Management LLC Takes $1.01 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Mork Capital Management LLC bought a new position in Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 58,200 shares of the blue-jean maker's stock, valued at approximately $1,007,000.

Several other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Levi Strauss & Co. during the 4th quarter valued at about $39,000. New Age Alpha Advisors LLC bought a new stake in Levi Strauss & Co. during the 4th quarter valued at about $82,000. Matrix Trust Co raised its holdings in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock valued at $95,000 after purchasing an additional 4,800 shares in the last quarter. R Squared Ltd bought a new stake in shares of Levi Strauss & Co. in the 4th quarter valued at about $105,000. Finally, Deutsche Bank AG grew its position in shares of Levi Strauss & Co. by 67.5% in the 4th quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker's stock worth $105,000 after buying an additional 2,454 shares during the last quarter. Institutional investors own 69.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday. Stifel Nicolaus dropped their target price on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Citigroup dropped their price objective on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $19.00 to $17.00 in a report on Tuesday, April 8th. Finally, Guggenheim upped their price objective 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. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.82.

Levi Strauss & Co. Price Performance

NYSE:LEVI traded up $0.16 during trading hours on Friday, reaching $17.67. 1,101,776 shares of the company were exchanged, compared to its average volume of 2,152,329. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $15.71 and its 200-day moving average is $16.88. The firm has a market cap of $7.00 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. On average, sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 24th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.94%. Levi Strauss & Co.'s dividend payout ratio (DPR) is 58.43%.

Levi Strauss & Co. 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.