Mackenzie Financial Corp Invests $991,000 in Levi Strauss & Co. (NYSE:LEVI)

Mackenzie Financial Corp acquired a new position in Levi Strauss & Co. (NYSE:LEVI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 57,279 shares of the blue-jean maker's stock, valued at approximately $991,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV grew its position in Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock worth $1,980,000 after purchasing an additional 892 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Levi Strauss & Co. by 2.4% during the fourth quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker's stock valued at $937,000 after buying an additional 1,283 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at $39,000. Deutsche Bank AG grew its holdings in shares of 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 buying an additional 2,454 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker's stock valued at $209,000 after buying an additional 2,998 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LEVI. Bank of America upgraded Levi Strauss & Co. from a "neutral" rating to a "buy" rating and boosted their price target for the company from $17.00 to $20.00 in a research note on Thursday, April 10th. Guggenheim upped 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. Stifel Nicolaus dropped their price objective on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Telsey Advisory Group upped their price objective on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Finally, UBS Group dropped their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.45.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded down $0.03 during mid-day trading on Tuesday, hitting $17.07. 957,293 shares of the stock were exchanged, compared to its average volume of 2,175,799. The firm has a fifty day moving average of $16.07 and a 200 day moving average of $16.93. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.34. The company has a market cap of $6.76 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

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

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 24th were given a $0.13 dividend. The ex-dividend date was Thursday, April 24th. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 58.43%.

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.