Two Sigma Advisers LP Has $6.05 Million Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

Two Sigma Advisers LP lifted its stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 402.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 349,500 shares of the blue-jean maker's stock after purchasing an additional 279,900 shares during the quarter. Two Sigma Advisers LP owned about 0.09% of Levi Strauss & Co. worth $6,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC raised its position in shares of Levi Strauss & Co. by 3.6% during the 4th quarter. Tidal Investments LLC now owns 172,801 shares of the blue-jean maker's stock worth $2,989,000 after purchasing an additional 6,065 shares during the period. Point72 Europe London LLP acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at approximately $1,034,000. Point72 Hong Kong Ltd acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at approximately $57,000. Man Group plc increased its position in Levi Strauss & Co. by 42.7% in the 4th quarter. Man Group plc now owns 162,897 shares of the blue-jean maker's stock valued at $2,818,000 after acquiring an additional 48,761 shares during the period. Finally, Mork Capital Management LLC acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at approximately $1,007,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LEVI. JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and lowered their target price for the company from $19.00 to $17.00 in a research report on Tuesday, April 8th. Barclays raised their target price on Levi Strauss & Co. from $18.00 to $20.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Guggenheim raised their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Telsey Advisory Group raised their target price on Levi Strauss & Co. from $19.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Finally, Wells Fargo & Company raised their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $20.45.

Levi Strauss & Co. Price Performance

Shares of LEVI traded down $0.21 during trading hours on Friday, hitting $17.53. 407,524 shares of the company were exchanged, compared to its average volume of 2,171,693. The company has a market capitalization of $6.94 billion, a PE ratio of 33.71, a PEG ratio of 1.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a fifty day simple moving average of $16.03 and a 200-day simple moving average of $16.93. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.10. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The company's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 24th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Thursday, April 24th. Levi Strauss & Co.'s dividend payout ratio is presently 58.43%.

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.