Savoir Faire Capital Management L.P. Trims Stock Position in Levi Strauss & Co. (NYSE:LEVI)

Savoir Faire Capital Management L.P. trimmed its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 68.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,695 shares of the blue-jean maker's stock after selling 129,019 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Levi Strauss & Co. were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC increased its position in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after purchasing an additional 1,113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after acquiring an additional 812 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Levi Strauss & Co. in the fourth quarter worth about $57,000. New Age Alpha Advisors LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $82,000. Finally, Deutsche Bank AG lifted its position in Levi Strauss & Co. by 67.5% during 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 period. Hedge funds and other institutional investors own 69.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LEVI. Bank of America increased their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Barclays restated an "overweight" rating and issued a $24.00 price objective (up from $20.00) on shares of Levi Strauss & Co. in a research report on Monday, July 14th. Wells Fargo & Company boosted their target price on Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Citigroup lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Finally, Stifel Nicolaus boosted their target price on Levi Strauss & Co. from $20.00 to $24.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of "Moderate Buy" and an average target price of $23.45.

Levi Strauss & Co. Trading Up 1.1%

Shares of LEVI traded up $0.22 during mid-day trading on Tuesday, reaching $20.96. The stock had a trading volume of 1,962,236 shares, compared to its average volume of 2,240,910. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $22.35. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.67 and a beta of 1.15. The business's fifty day moving average is $18.47 and its 200 day moving average is $17.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the business earned $0.16 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Thursday, July 24th will be paid a $0.14 dividend. This is a boost from Levi Strauss & Co.'s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, July 24th. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 50.98%.

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.