59,792 Shares in Levi Strauss & Co. (NYSE:LEVI) Bought by Point72 Europe London LLP

Point72 Europe London LLP bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 59,792 shares of the blue-jean maker's stock, valued at approximately $1,034,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its stake in Levi Strauss & Co. by 560.0% during the fourth quarter. Millennium Management LLC now owns 1,883,995 shares of the blue-jean maker's stock worth $32,593,000 after buying an additional 1,598,523 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Levi Strauss & Co. by 1,079.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,432,127 shares of the blue-jean maker's stock worth $24,776,000 after acquiring an additional 1,310,748 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Levi Strauss & Co. by 119.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker's stock worth $26,858,000 after acquiring an additional 840,251 shares in the last quarter. Ceredex Value Advisors LLC lifted its stake in shares of Levi Strauss & Co. by 164.4% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,312,150 shares of the blue-jean maker's stock valued at $22,700,000 after purchasing an additional 815,950 shares during the period. Finally, Fund 1 Investments LLC bought a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at about $11,869,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Up 0.2%

LEVI opened at $17.57 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.34. The firm has a market capitalization of $6.96 billion, a PE ratio of 33.79, a P/E/G ratio of 1.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The company's 50-day moving average is $15.68 and its 200 day moving average is $16.88.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business posted $0.26 earnings per share. The company's quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict 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 announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 24th were paid a $0.13 dividend. The ex-dividend date was Thursday, April 24th. This represents a $0.52 annualized dividend and a dividend yield of 2.96%. Levi Strauss & Co.'s payout ratio is 58.43%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Telsey Advisory Group lifted their target price on Levi Strauss & Co. from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday. Bank of America raised shares of Levi Strauss & Co. from a "neutral" rating to a "buy" rating and lifted their price target for the company from $17.00 to $20.00 in a research note on Thursday, April 10th. Finally, Barclays cut their price objective on shares of Levi Strauss & Co. from $22.00 to $18.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $19.82.

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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