Bridgefront Capital LLC Invests $516,000 in Levi Strauss & Co. (NYSE:LEVI)

Bridgefront Capital LLC acquired a new position in Levi Strauss & Co. (NYSE:LEVI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,841 shares of the blue-jean maker's stock, valued at approximately $516,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LEVI. Vanguard Group Inc. grew its holdings in shares of Levi Strauss & Co. by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 8,824,983 shares of the blue-jean maker's stock valued at $152,672,000 after acquiring an additional 133,978 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Levi Strauss & Co. by 1.2% during the 4th quarter. Wellington Management Group LLP now owns 6,673,056 shares of the blue-jean maker's stock worth $115,444,000 after purchasing an additional 81,435 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Levi Strauss & Co. by 53.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,916,568 shares of the blue-jean maker's stock worth $33,157,000 after buying an additional 669,624 shares during the last quarter. American Century Companies Inc. raised its position in Levi Strauss & Co. by 15.8% in the fourth quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock worth $27,823,000 after acquiring an additional 219,546 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Levi Strauss & Co. by 119.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker's stock valued at $26,858,000 after acquiring an additional 840,251 shares during the period. Hedge funds and other institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI traded up $0.13 on Friday, hitting $17.20. The company's stock had a trading volume of 1,525,199 shares, compared to its average volume of 2,145,680. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.34. 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 has a market capitalization of $6.81 billion, a PE ratio of 33.08, a PEG ratio of 1.92 and a beta of 1.14. The company has a 50-day simple moving average of $15.58 and a 200 day simple moving average of $16.87.

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

Levi Strauss & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LEVI. Morgan Stanley dropped their price objective on Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. Bank of America raised Levi Strauss & Co. from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Thursday, April 10th. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group lowered 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. Finally, UBS Group lowered their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.45.

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.