Tower Research Capital LLC TRC Purchases 19,336 Shares of Levi Strauss & Co. (NYSE:LEVI)

Tower Research Capital LLC TRC grew its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 1,141.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,030 shares of the blue-jean maker's stock after acquiring an additional 19,336 shares during the quarter. Tower Research Capital LLC TRC's holdings in Levi Strauss & Co. were worth $364,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LEVI. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Levi Strauss & Co. in the fourth quarter worth $39,000. New Age Alpha Advisors LLC acquired a new position in Levi Strauss & Co. during the 4th quarter valued at about $82,000. Matrix Trust Co lifted its stake in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker's stock worth $95,000 after acquiring an additional 4,800 shares during the period. R Squared Ltd bought a new position in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $105,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $115,000. Institutional investors own 69.14% of the company's stock.

Levi Strauss & Co. Stock Up 0.6 %

Shares of LEVI traded up $0.09 during trading hours on Monday, hitting $16.30. 1,446,114 shares of the company were exchanged, compared to its average volume of 2,149,726. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market cap of $6.45 billion, a PE ratio of 31.35, a PEG ratio of 1.92 and a beta of 1.14. The firm's 50 day moving average is $15.66 and its 200-day moving average is $16.92. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 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 firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the firm posted $0.26 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 24th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Thursday, April 24th. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 58.43%.

Wall Street Analysts Forecast Growth

LEVI has been the subject of a number of research analyst reports. Bank of America upgraded Levi Strauss & Co. from a "neutral" rating to a "buy" rating and upped their target price for the stock from $17.00 to $20.00 in a research report on Thursday, April 10th. Wells Fargo & Company raised Levi Strauss & Co. from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $17.00 to $20.00 in a research note on Wednesday, April 30th. Stifel Nicolaus dropped their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded shares of 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 report on Tuesday, April 8th. Finally, Morgan Stanley dropped their target price on shares of Levi Strauss & Co. from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Levi Strauss & Co. has an average rating of "Moderate Buy" and a consensus price target of $19.45.

Levi Strauss & Co. 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.