Landscape Capital Management L.L.C. Purchases Shares of 169,087 Levi Strauss & Co. $LEVI

Key Points

• Landscape Capital Management L.L.C. acquired 169,087 shares of Levi Strauss & Co., valued at approximately $2.6 million, in Q1 as part of their new investment strategy.
• Levi Strauss & Co. recently reported stronger-than-expected earnings with $0.22 EPS, beating estimates, and their quarterly revenue was $1.45 billion, reflecting a 6.4% year-over-year increase.
• The company raised its quarterly dividend from $0.13 to $0.14 per share, signifying a 2.5% yield, which shows confidence in their ongoing financial health.

Landscape Capital Management L.L.C. acquired a new stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 169,087 shares of the blue-jean maker's stock, valued at approximately $2,636,000.

Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC lifted its position in Levi Strauss & Co. by 101.5% in the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after purchasing an additional 1,113 shares during the last quarter. IFP Advisors Inc bought a new position in Levi Strauss & Co. in the 1st quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. increased its position in Levi Strauss & Co. by 35.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after acquiring an additional 812 shares during the period. Point72 Hong Kong Ltd bought a new stake in Levi Strauss & Co. during the 4th quarter valued at $57,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Levi Strauss & Co. during the 1st quarter worth $81,000. Institutional investors own 69.14% of the company's stock.

Analyst Upgrades and Downgrades

LEVI has been the subject of a number of research analyst reports. UBS Group upped their target price on Levi Strauss & Co. from $20.00 to $28.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley lifted their target price on Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Telsey Advisory Group upped their price target on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, July 11th. Stifel Nicolaus boosted their target price on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Wells Fargo & Company raised their target price on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.45.

Levi Strauss & Co. Stock Down 1.2%

LEVI stock traded down $0.27 during mid-day trading on Wednesday, hitting $22.36. The stock had a trading volume of 553,145 shares, compared to its average volume of 2,476,267. Levi Strauss & Co. has a 1-year low of $12.17 and a 1-year high of $22.83. The company has a fifty day moving average of $20.46 and a 200 day moving average of $17.92. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 1.80 and a beta of 1.25. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.37 billion. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. Levi Strauss & Co.'s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 EPS. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Thursday, July 24th were paid a $0.14 dividend. The ex-dividend date was Thursday, July 24th. This is a boost from Levi Strauss & Co.'s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. Levi Strauss & Co.'s dividend payout ratio is presently 54.90%.

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.