Fund 1 Investments LLC Buys Shares of 686,063 Levi Strauss & Co. (NYSE:LEVI)

Fund 1 Investments LLC acquired a new stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 686,063 shares of the blue-jean maker's stock, valued at approximately $11,869,000. Levi Strauss & Co. accounts for 1.0% of Fund 1 Investments LLC's investment portfolio, making the stock its 17th largest holding. Fund 1 Investments LLC owned 0.17% of Levi Strauss & Co. as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Levi Strauss & Co. by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 8,824,983 shares of the blue-jean maker's stock valued at $152,672,000 after purchasing an additional 133,978 shares during the period. Wellington Management Group LLP grew its stake in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Wellington Management Group LLP now owns 6,673,056 shares of the blue-jean maker's stock valued at $115,444,000 after buying an additional 81,435 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Levi Strauss & Co. by 53.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,916,568 shares of the blue-jean maker's stock valued at $33,157,000 after buying an additional 669,624 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Levi Strauss & Co. by 15.8% during the fourth quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker's stock valued at $27,823,000 after buying an additional 219,546 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Levi Strauss & Co. by 119.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker's stock valued at $26,858,000 after buying an additional 840,251 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Stock Up 0.8%

Levi Strauss & Co. stock traded up $0.13 during midday trading on Friday, hitting $17.20. 1,525,199 shares of the company's stock were exchanged, compared to its average volume of 2,145,680. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.34. The firm has a 50-day moving average of $15.58 and a two-hundred day moving average of $16.87. The company has a market cap of $6.81 billion, a PE ratio of 33.08, a P/E/G ratio of 1.92 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the prior year, the business earned $0.26 EPS. The firm's quarterly revenue was up 3.1% on a year-over-year basis. As a group, analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, April 24th were given 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 3.02%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 58.43%.

Wall Street Analysts Forecast Growth

LEVI has been the topic of a number of analyst reports. Guggenheim upped their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Telsey Advisory Group cut their target price on Levi Strauss & Co. from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 8th. Citigroup cut their target price on Levi Strauss & Co. from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Barclays cut their target price on Levi Strauss & Co. from $22.00 to $18.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America raised Levi Strauss & Co. from a "neutral" rating to a "buy" rating and upped their target price for the company 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.45.

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.