Blueshift Asset Management LLC Invests $413,000 in Levi Strauss & Co. (NYSE:LEVI)

Key Points

• Blueshift Asset Management LLC has acquired 26,476 shares of Levi Strauss & Co. (NYSE:LEVI), valued at approximately $413,000, marking a significant investment by the fund in the first quarter.
• Levi Strauss & Co. reported a quarterly EPS of $0.22, surpassing analyst expectations of $0.13, along with a revenue of $1.45 billion, reflecting a 6.4% increase year-over-year.
• The company recently declared a quarterly dividend of $0.14 per share, an increase from the previous dividend of $0.13, representing an annualized yield of 2.9%.

Blueshift Asset Management LLC acquired a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 26,476 shares of the blue-jean maker's stock, valued at approximately $413,000.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its stake in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after buying an additional 1,113 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Levi Strauss & Co. in the 1st quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. raised its position in Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after purchasing an additional 812 shares during the period. Point72 Hong Kong Ltd acquired a new position in Levi Strauss & Co. in the 4th quarter worth $57,000. Finally, New Age Alpha Advisors LLC bought a new position in Levi Strauss & Co. during the 4th quarter worth $82,000. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Trading Up 3.5%

Levi Strauss & Co. stock traded up $0.68 during midday trading on Monday, reaching $19.92. The stock had a trading volume of 3,385,572 shares, compared to its average volume of 3,752,520. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 1.55 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $22.35. The company has a fifty day moving average of $18.93 and a 200 day moving average of $17.49.

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

Levi Strauss & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 24th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. This is a boost from Levi Strauss & Co.'s previous quarterly dividend of $0.13. The ex-dividend date is Thursday, July 24th. Levi Strauss & Co.'s dividend payout ratio (DPR) is 54.90%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America upped their price target on Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Telsey Advisory Group upped their target price on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Morgan Stanley upped their target price on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. lifted 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, Wells Fargo & Company lifted their price objective on Levi Strauss & Co. from $22.00 to $25.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.45.

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.