Hudson Bay Capital Management LP raised its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 299.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,611 shares of the blue-jean maker's stock after purchasing an additional 115,128 shares during the quarter. Hudson Bay Capital Management LP's holdings in Levi Strauss & Co. were worth $2,657,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at about $39,000. New Age Alpha Advisors LLC acquired a new stake in Levi Strauss & Co. during the 4th quarter valued at approximately $82,000. Matrix Trust Co grew its stake in Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock valued at $95,000 after purchasing an additional 4,800 shares in the last quarter. R Squared Ltd acquired a new stake in Levi Strauss & Co. during the 4th quarter valued at approximately $105,000. Finally, Deutsche Bank AG grew its stake in Levi Strauss & Co. by 67.5% during 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 in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on LEVI. Morgan Stanley lowered their price objective on Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company raised their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday. UBS Group lowered their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Stifel Nicolaus lowered their price objective on 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, JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $19.00 to $17.00 in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. presently has an average rating of "Moderate Buy" and an average price target of $19.82.
Get Our Latest Stock Analysis on LEVI
Levi Strauss & Co. Stock Performance
Shares of LEVI traded up $0.16 during mid-day trading on Friday, hitting $17.67. The stock had a trading volume of 1,101,776 shares, compared to its average volume of 2,152,329. The company has a market cap of $7.00 billion, a PE ratio of 33.98, a PEG ratio of 1.92 and a beta of 1.14. The company's fifty day simple moving average is $15.71 and its two-hundred day simple moving average is $16.88. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.34.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the previous year, the firm posted $0.26 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.
Levi Strauss & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors 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 dividend on an annualized basis and a yield of 2.94%. Levi Strauss & Co.'s dividend payout ratio is currently 58.43%.
Levi Strauss & Co. Company Profile
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Free Report)
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.
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