Xcel Wealth Management LLC Makes New $1.71 Million Investment in Levi Strauss & Co. (NYSE:LEVI)

Xcel Wealth Management LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 109,711 shares of the blue-jean maker's stock, valued at approximately $1,710,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its stake in Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after purchasing an additional 1,113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after purchasing an additional 812 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Levi Strauss & Co. during the fourth quarter worth $57,000. New Age Alpha Advisors LLC bought a new stake in Levi Strauss & Co. during the fourth quarter worth $82,000. Finally, Deutsche Bank AG lifted its stake in Levi Strauss & Co. by 67.5% during the fourth quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker's stock worth $105,000 after purchasing an additional 2,454 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LEVI. Citigroup restated a "neutral" rating and set a $19.00 target price (up from $14.00) on shares of Levi Strauss & Co. in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $21.00 price target on shares of Levi Strauss & Co. in a research note on Thursday. JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Wells Fargo & Company increased their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, May 14th. Finally, Barclays increased their price target on Levi Strauss & Co. from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.55.

Levi Strauss & Co. Trading Down 1.2%

NYSE LEVI traded down $0.24 on Friday, reaching $19.00. The company had a trading volume of 1,592,794 shares, compared to its average volume of 2,120,774. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.80 and a beta of 1.15. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $21.95. The business has a 50 day moving average of $17.49 and a two-hundred day moving average of $17.05. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.50 and a quick ratio of 0.89.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 28.11% and a net margin of 5.63%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.26 EPS. The business's revenue was up 3.1% compared to the same quarter last year. Analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 24th were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.74%. Levi Strauss & Co.'s payout ratio is currently 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.