Bayforest Capital Ltd Takes $402,000 Position in Levi Strauss & Co. $LEVI

Key Points

• Bayforest Capital Ltd has acquired a new stake in Levi Strauss & Co. valued at approximately $402,000, purchasing 25,798 shares during the first quarter.
• Levi Strauss & Co. reported a quarterly EPS of $0.22, exceeding analysts' expectations of $0.13, along with revenue of $1.45 billion, which was above the $1.37 billion estimate.
• The company declared a quarterly dividend of $0.14 per share, representing a 2.6% yield, which is an increase from the previous dividend of $0.13.

Bayforest Capital Ltd purchased a new stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 25,798 shares of the blue-jean maker's stock, valued at approximately $402,000.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in shares of Levi Strauss & Co. by 87.6% in the 1st quarter. Teacher Retirement System of Texas now owns 53,967 shares of the blue-jean maker's stock valued at $841,000 after purchasing an additional 25,197 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Levi Strauss & Co. by 143.6% in the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock valued at $460,000 after purchasing an additional 17,376 shares during the last quarter. Nuveen LLC acquired a new position in shares of Levi Strauss & Co. in the 1st quarter valued at $3,259,000. Two Sigma Investments LP lifted its stake in shares of Levi Strauss & Co. by 511.8% in the 4th quarter. Two Sigma Investments LP now owns 127,046 shares of the blue-jean maker's stock valued at $2,198,000 after purchasing an additional 106,281 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Levi Strauss & Co. by 6.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock valued at $26,856,000 after purchasing an additional 97,781 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

LEVI stock opened at $21.71 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85. The firm has a market capitalization of $8.59 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.75 and a beta of 1.25. The business's 50-day moving average is $20.88 and its two-hundred day moving average is $18.08. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $22.83.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.Levi Strauss & Co.'s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 24th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. This is an increase from Levi Strauss & Co.'s previous quarterly dividend of $0.13. Levi Strauss & Co.'s dividend payout ratio is 54.90%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup increased their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Bank of America increased their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Barclays reissued an "overweight" rating and set a $24.00 target price (up previously from $20.00) on shares of Levi Strauss & Co. in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Finally, Telsey Advisory Group increased their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $23.45.

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.

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