Cubist Systematic Strategies LLC grew its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 5,864.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 508,146 shares of the blue-jean maker's stock after buying an additional 499,627 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Levi Strauss & Co. worth $8,791,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Levi Strauss & Co. in the 4th quarter valued at about $39,000. New Age Alpha Advisors LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $82,000. Matrix Trust Co boosted its holdings in shares of Levi Strauss & Co. by 678.9% in the fourth 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 during the period. R Squared Ltd bought a new position in Levi Strauss & Co. in the fourth quarter worth approximately $105,000. Finally, Manchester Capital Management LLC purchased a new position in Levi Strauss & Co. during the 4th quarter worth $115,000. 69.14% of the stock is currently owned by institutional investors.
Levi Strauss & Co. Stock Performance
Shares of Levi Strauss & Co. stock traded up $0.13 during trading on Friday, hitting $17.20. 1,525,199 shares of the company's stock were exchanged, compared to its average volume of 2,145,680. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.92 and a beta of 1.14. The business has a 50-day simple moving average of $15.58 and a 200-day simple moving average of $16.87. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42.
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 earnings per share 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 the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $0.26 earnings per share. The company's revenue was up 3.1% compared to the same quarter last year. On average, research 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. Investors 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 dividend on an annualized basis and a yield of 3.02%. Levi Strauss & Co.'s dividend payout ratio is currently 58.43%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on LEVI. Barclays dropped 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. 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 report on Tuesday, April 8th. Citigroup reduced their price target on shares of Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Guggenheim increased their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Morgan Stanley cut their price objective on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.45.
Get Our Latest Stock Report on LEVI
Levi Strauss & Co. Company Profile
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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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