Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. lessened its stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 80.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,957 shares of the blue-jean maker's stock after selling 204,794 shares during the period. Point72 Asset Management L.P.'s holdings in Levi Strauss & Co. were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Levi Strauss & Co. by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 8,824,983 shares of the blue-jean maker's stock valued at $152,672,000 after acquiring an additional 133,978 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 6,673,056 shares of the blue-jean maker's stock worth $115,444,000 after purchasing an additional 81,435 shares during the period. The Manufacturers Life Insurance Company grew its position in Levi Strauss & Co. by 53.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,916,568 shares of the blue-jean maker's stock valued at $33,157,000 after buying an additional 669,624 shares during the last quarter. Millennium Management LLC increased its stake in Levi Strauss & Co. by 560.0% in the 4th quarter. Millennium Management LLC now owns 1,883,995 shares of the blue-jean maker's stock valued at $32,593,000 after buying an additional 1,598,523 shares during the period. Finally, American Century Companies Inc. increased its stake in Levi Strauss & Co. by 15.8% in the 4th quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock valued at $27,823,000 after buying an additional 219,546 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Levi Strauss & Co. Price Performance

LEVI stock traded down $0.14 during trading on Wednesday, hitting $18.26. The stock had a trading volume of 195,664 shares, compared to its average volume of 2,162,072. The company's 50 day moving average price is $15.95 and its two-hundred day moving average price is $16.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 35.12, a price-to-earnings-growth 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.

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 the consensus estimate of $0.28 by $0.10. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Levi Strauss & Co.'s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. On average, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors 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 2.85%. Levi Strauss & Co.'s dividend payout ratio is presently 58.43%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LEVI. Guggenheim lifted their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their target price for the stock from $19.00 to $17.00 in a research report on Tuesday, April 8th. Telsey Advisory Group raised their price target on Levi Strauss & Co. from $19.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Bank of America raised Levi Strauss & Co. from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $17.00 to $20.00 in a report on Thursday, April 10th. Finally, Wells Fargo & Company increased their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.45.

Levi Strauss & Co. 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.