Savoir Faire Capital Management L.P. Sells 129,019 Shares of Levi Strauss & Co. (NYSE:LEVI)

Savoir Faire Capital Management L.P. decreased its stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 68.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC increased its position in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after acquiring an additional 1,113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 35.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after buying an additional 812 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $57,000. New Age Alpha Advisors LLC acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $82,000. Finally, Deutsche Bank AG lifted its position 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 purchasing an additional 2,454 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI traded down $0.15 during trading hours on Friday, hitting $20.91. 2,441,178 shares of the stock were exchanged, compared to its average volume of 2,239,527. The firm has a market capitalization of $8.28 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.68 and a beta of 1.15. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $22.35. The company's 50 day moving average is $18.35 and its 200 day moving average is $17.28. 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 data on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) 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 company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the prior year, the company posted $0.16 EPS. The business's revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Thursday, July 24th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, July 24th. This represents a $0.56 dividend on an annualized basis and a yield of 2.68%. This is a positive change from Levi Strauss & Co.'s previous quarterly dividend of $0.13. Levi Strauss & Co.'s dividend payout ratio is currently 50.98%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Morgan Stanley boosted their target price on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. lifted their target price on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Barclays reissued an "overweight" rating and issued a $24.00 target price (up from $20.00) on shares of Levi Strauss & Co. in a research report on Monday, July 14th. Finally, Telsey Advisory Group boosted their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.45.

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.