Versor Investments LP Has $1.25 Million Stake in Levi Strauss & Co. $LEVI

Key Points

• Versor Investments LP significantly increased its stake in Levi Strauss & Co. by 169.1% in Q1, acquiring an additional 50,400 shares, bringing its total holdings to 80,200 shares worth $1,250,000.
• Major financial institutions have boosted their price targets for Levi Strauss & Co., with Bank of America and Wells Fargo both raising their target prices to $24.00 and $25.00 respectively, reflecting strong market confidence.
• Levi Strauss reported a quarterly EPS of $0.22, exceeding analysts' expectations, and announced an increase in its quarterly dividend to $0.14 per share, marking a positive shift in its financial performance.

Versor Investments LP lifted its stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 169.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,200 shares of the blue-jean maker's stock after purchasing an additional 50,400 shares during the period. Versor Investments LP's holdings in Levi Strauss & Co. were worth $1,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in Levi Strauss & Co. during the first quarter worth about $81,000. Nuveen LLC acquired a new stake in shares of Levi Strauss & Co. in the 1st quarter valued at approximately $3,259,000. Virtu Financial LLC bought a new position in Levi Strauss & Co. during the 1st quarter worth approximately $158,000. Entropy Technologies LP grew its holdings in Levi Strauss & Co. by 33.4% during the first quarter. Entropy Technologies LP now owns 39,428 shares of the blue-jean maker's stock valued at $615,000 after purchasing an additional 9,880 shares during the period. Finally, Invesco Ltd. acquired a new position in Levi Strauss & Co. during the first quarter valued at approximately $1,642,000. Institutional investors own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LEVI. UBS Group increased their target price on shares of Levi Strauss & Co. from $20.00 to $28.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Morgan Stanley raised their price objective on Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Citigroup boosted their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Stifel Nicolaus lifted their price objective on Levi Strauss & Co. from $20.00 to $24.00 and gave the company a "buy" rating in a report on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.45.

Levi Strauss & Co. Stock Down 0.6%

Shares of LEVI stock traded down $0.1230 during trading on Wednesday, reaching $20.7570. The company's stock had a trading volume of 1,847,552 shares, compared to its average volume of 2,328,604. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $22.35. The business has a fifty day moving average price of $19.67 and a 200-day moving average price of $17.71. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its 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 the consensus estimate of $1.37 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.7%. This is a boost from Levi Strauss & Co.'s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, July 24th. Levi Strauss & Co.'s payout ratio is currently 54.90%.

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.