Ameriprise Financial Inc. lowered its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,043,675 shares of the blue-jean maker's stock after selling 372,454 shares during the period. Ameriprise Financial Inc. owned 0.26% of Levi Strauss & Co. worth $18,056,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. New Age Alpha Advisors LLC purchased a new position in Levi Strauss & Co. in the fourth quarter valued at about $82,000. R Squared Ltd bought a new stake in Levi Strauss & Co. in the fourth quarter worth approximately $105,000. Manchester Capital Management LLC bought a new position in Levi Strauss & Co. during the fourth quarter valued at about $115,000. Finally, Jones Financial Companies Lllp boosted its position in Levi Strauss & Co. by 1,436.0% during the fourth quarter. Jones Financial Companies Lllp now owns 7,250 shares of the blue-jean maker's stock worth $125,000 after purchasing an additional 6,778 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.
Levi Strauss & Co. Stock Performance
Shares of Levi Strauss & Co. stock traded up $0.27 on Tuesday, hitting $17.85. The stock had a trading volume of 1,997,457 shares, compared to its average volume of 2,155,608. The business's 50 day moving average is $15.73 and its two-hundred day moving average is $16.88. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 34.33, 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. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.10. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Levi Strauss & Co.'s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.
Levi Strauss & Co. Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 24th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Thursday, April 24th. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 58.43%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on LEVI shares. Guggenheim raised their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and decreased their price objective for the company from $19.00 to $17.00 in a report on Tuesday, April 8th. Telsey Advisory Group upped their price objective on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, May 15th. Barclays dropped their price target on Levi Strauss & Co. from $22.00 to $18.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.82.
Check Out Our Latest Report on LEVI
About Levi Strauss & Co.
(
Free Report)
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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