Point72 Asset Management L.P. Cuts Position in Levi Strauss & Co. (NYSE:LEVI)

Point72 Asset Management L.P. decreased its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 80.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Point72 Europe London LLP acquired a new position in shares of Levi Strauss & Co. during the fourth quarter worth $1,034,000. Point72 Hong Kong Ltd bought a new stake in Levi Strauss & Co. during the fourth quarter valued at $57,000. Man Group plc increased its stake in Levi Strauss & Co. by 42.7% during the fourth quarter. Man Group plc now owns 162,897 shares of the blue-jean maker's stock valued at $2,818,000 after purchasing an additional 48,761 shares during the last quarter. Mork Capital Management LLC bought a new stake in Levi Strauss & Co. during the fourth quarter valued at $1,007,000. Finally, Millennium Management LLC boosted its holdings in shares of Levi Strauss & Co. by 560.0% during the fourth quarter. Millennium Management LLC now owns 1,883,995 shares of the blue-jean maker's stock valued at $32,593,000 after acquiring an additional 1,598,523 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LEVI. Bank of America raised shares of 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 report on Thursday, April 10th. Wells Fargo & Company upped their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, May 14th. Barclays boosted their price objective on Levi Strauss & Co. from $18.00 to $20.00 and gave the stock an "overweight" rating in a report on Wednesday. Telsey Advisory Group boosted their price objective on Levi Strauss & Co. from $19.00 to $21.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, UBS Group cut their price objective on 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.45.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $17.91 on Friday. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 34.44, a P/E/G ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.34. 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 business's 50-day moving average is $15.83 and its 200-day moving average is $16.89.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its 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. The company had revenue of $1.53 billion for 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%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

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

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