Millennium Management LLC Boosts Position in Levi Strauss & Co. (NYSE:LEVI)

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

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at about $39,000. New Age Alpha Advisors LLC acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at about $82,000. R Squared Ltd acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at about $105,000. Deutsche Bank AG grew its stake in Levi Strauss & Co. by 67.5% in the 4th quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker's stock valued at $105,000 after acquiring an additional 2,454 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in Levi Strauss & Co. in the 4th quarter valued at about $115,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Down 1.0%

Shares of LEVI stock traded down $0.19 during trading hours on Friday, hitting $17.75. 1,972,318 shares of the company were exchanged, compared to its average volume of 2,172,716. The firm has a market cap of $7.02 billion, a PE ratio of 34.13, a PEG ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.34. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $15.87 and a 200 day moving average of $16.90.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The company's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. Analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 24th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $0.52 annualized dividend and a dividend yield of 2.93%. Levi Strauss & Co.'s payout ratio is currently 58.43%.

Analyst Ratings Changes

Several research firms have issued reports on LEVI. Morgan Stanley decreased their price target on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Guggenheim raised their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Finally, Barclays raised their price target on shares of Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company 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.