Jensen Investment Management Inc. Has $2.88 Million Holdings in Levi Strauss & Co. (NYSE:LEVI)

Key Points

• Jensen Investment Management Inc. reduced its stake in Levi Strauss & Co. by 13.3% during the first quarter, now owning 184,800 shares valued at approximately $2.88 million.
• Levi Strauss & Co. recently reported a quarterly earnings of $0.22 EPS, surpassing analysts’ expectations and achieving a revenue of $1.45 billion for the quarter.
• The company announced a dividend increase to $0.14 per share, up from $0.13, reflecting a significant annualized yield of 2.8%.

Jensen Investment Management Inc. reduced its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 13.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,800 shares of the blue-jean maker's stock after selling 28,470 shares during the period. Jensen Investment Management Inc.'s holdings in Levi Strauss & Co. were worth $2,881,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LEVI. Golden State Wealth Management LLC boosted its position in Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after acquiring an additional 1,113 shares during the period. IFP Advisors Inc purchased a new stake in shares of Levi Strauss & Co. in the first quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after purchasing an additional 812 shares during the period. Point72 Hong Kong Ltd purchased a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $57,000. Finally, Deutsche Bank AG grew its position in Levi Strauss & Co. by 67.5% during the fourth quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker's stock valued at $105,000 after purchasing an additional 2,454 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LEVI shares. JPMorgan Chase & Co. lifted their target price on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Stifel Nicolaus upped their price target on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Telsey Advisory Group increased their price objective on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, July 11th. Bank of America boosted their target price on Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $23.45.

Levi Strauss & Co. Stock Performance

LEVI traded down $0.27 on Thursday, hitting $20.12. The company had a trading volume of 2,139,672 shares, compared to its average volume of 3,814,946. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21. 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 company's fifty day moving average price is $19.06 and its 200 day moving average price is $17.55. Levi Strauss & Co. has a 1-year low of $12.17 and a 1-year high of $22.35.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 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 net margin of 6.40% and a return on equity of 28.75%. The company's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. Equities analysts predict 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 declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 24th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. This is a positive change 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 is currently 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.