Levi Strauss & Co. (NYSE:LEVI) Shares Acquired by Millennium Management LLC

Millennium Management LLC lifted its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 560.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,883,995 shares of the blue-jean maker's stock after acquiring an additional 1,598,523 shares during the quarter. Millennium Management LLC owned 0.48% of Levi Strauss & Co. worth $32,593,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LEVI. SG Americas Securities LLC boosted its holdings in Levi Strauss & Co. by 32.9% in the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker's stock valued at $209,000 after purchasing an additional 2,998 shares during the last quarter. KBC Group NV lifted its holdings in shares of Levi Strauss & Co. by 0.8% in the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock valued at $1,980,000 after buying an additional 892 shares during the period. Hunter Perkins Capital Management LLC boosted its stake in shares of Levi Strauss & Co. by 93.8% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker's stock worth $727,000 after buying an additional 20,335 shares during the last quarter. Twelve Points Wealth Management LLC boosted its stake in shares of Levi Strauss & Co. by 15.4% in the fourth quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker's stock worth $989,000 after buying an additional 7,633 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Levi Strauss & Co. during the fourth quarter worth about $105,000. Hedge funds and other institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

NYSE LEVI traded up $0.59 on Thursday, hitting $17.91. The company had a trading volume of 2,273,335 shares, compared to its average volume of 2,161,507. 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 company's fifty day moving average price is $15.80 and its 200-day moving average price is $16.89. The company has a market capitalization of $7.09 billion, a PE ratio of 34.44, a PEG ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a 12-month low of $12.17 and a 12-month high of $24.34.

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 for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the company posted $0.26 EPS. Levi Strauss & Co.'s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 24th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend was Thursday, April 24th. Levi Strauss & Co.'s payout ratio is 58.43%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. UBS Group cut their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Bank of America upgraded shares of Levi Strauss & Co. from a "neutral" rating to a "buy" rating and raised their price target for the company from $17.00 to $20.00 in a research report on Thursday, April 10th. Finally, Citigroup lifted their price objective on shares of Levi Strauss & Co. from $14.00 to $19.00 and gave the company a "neutral" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.45.

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.