Two Sigma Investments LP Has $2.20 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Two Sigma Investments LP increased its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 511.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 127,046 shares of the blue-jean maker's stock after acquiring an additional 106,281 shares during the quarter. Two Sigma Investments LP's holdings in Levi Strauss & Co. were worth $2,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. KBC Group NV boosted its position in Levi Strauss & Co. by 0.8% during the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker's stock valued at $1,980,000 after acquiring an additional 892 shares during the last quarter. LPL Financial LLC grew its position in shares of Levi Strauss & Co. by 2.4% during the 4th quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker's stock valued at $937,000 after acquiring an additional 1,283 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Levi Strauss & Co. in the fourth quarter worth $39,000. Deutsche Bank AG raised its position in shares of Levi Strauss & Co. by 67.5% in the fourth 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 period. Finally, SG Americas Securities LLC raised its holdings in Levi Strauss & Co. by 32.9% during the 4th quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker's stock valued at $209,000 after acquiring an additional 2,998 shares during the period. Institutional investors and hedge funds own 69.14% of the company's stock.

Levi Strauss & Co. Price Performance

Shares of LEVI traded up $0.41 on Thursday, reaching $17.29. The stock had a trading volume of 393,609 shares, compared to its average volume of 2,180,436. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month 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 50-day moving average of $16.12 and a 200 day moving average of $16.93. The firm has a market capitalization of $6.84 billion, a PE ratio of 32.98, a PEG ratio of 1.92 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, beating the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.26 earnings per share. Levi Strauss & Co.'s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 24th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, April 24th. This represents a $0.52 annualized dividend and a yield of 3.01%. Levi Strauss & Co.'s dividend payout ratio (DPR) is 58.43%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LEVI shares. JPMorgan Chase & Co. raised Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 14th. Citigroup reiterated a "neutral" rating and set a $19.00 price target (up previously from $14.00) on shares of Levi Strauss & Co. in a report on Wednesday, May 21st. Stifel Nicolaus reduced their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America upgraded 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 research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Levi Strauss & Co. has an average rating of "Moderate Buy" and a consensus price target 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.