Bridgefront Capital LLC Takes Position in Levi Strauss & Co. (NYSE:LEVI)

Bridgefront Capital LLC bought a new position in shares of 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 29,841 shares of the blue-jean maker's stock, valued at approximately $516,000.

Several other hedge funds and other institutional investors have also modified their holdings of LEVI. KBC Group NV lifted its holdings in Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock worth $1,980,000 after buying an additional 892 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Levi Strauss & Co. by 2.4% during the fourth quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker's stock valued at $937,000 after acquiring an additional 1,283 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. during the 4th quarter worth approximately $39,000. SG Americas Securities LLC raised its stake in shares of Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker's stock worth $209,000 after buying an additional 2,998 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Levi Strauss & Co. in the fourth quarter valued at approximately $82,000. Institutional investors own 69.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Barclays reduced their price target on 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. UBS Group lowered their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Guggenheim lifted 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. Citigroup lowered their target price on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, Telsey Advisory Group reduced their price target on shares of Levi Strauss & Co. from $23.00 to $19.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and an average price target of $19.45.

Levi Strauss & Co. Stock Up 0.8 %

Shares of NYSE:LEVI traded up $0.13 during mid-day trading on Friday, reaching $17.20. 1,525,199 shares of the stock were exchanged, compared to its average volume of 2,144,951. The stock's 50 day simple moving average is $15.58 and its 200-day simple moving average is $16.88. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.34. The company has a market cap of $6.81 billion, a P/E ratio of 33.08, a P/E/G ratio of 1.92 and a beta of 1.14. 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 issued its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.10. The company 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 business's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the business earned $0.26 EPS. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 24th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.52 annualized dividend and a yield of 3.02%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 58.43%.

About Levi Strauss & Co.

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.