Allspring Global Investments Holdings LLC Acquires 95,797 Shares of Levi Strauss & Co. (NYSE:LEVI)

Allspring Global Investments Holdings LLC raised its stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,423,553 shares of the blue-jean maker's stock after purchasing an additional 95,797 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.36% of Levi Strauss & Co. worth $23,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $39,000. Deutsche Bank AG bought a new position in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $43,000. Scopus Asset Management L.P. bought a new position in shares of Levi Strauss & Co. in the second quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its stake in shares of Levi Strauss & Co. by 217.8% in the third quarter. Tower Research Capital LLC TRC now owns 5,041 shares of the blue-jean maker's stock valued at $68,000 after acquiring an additional 3,455 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $93,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. TD Cowen boosted their price objective on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Morgan Stanley boosted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, April 5th. Wells Fargo & Company boosted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 4th. Finally, Telsey Advisory Group boosted their price objective on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $20.56.

Levi Strauss & Co. Stock Down 3.2 %

NYSE LEVI traded down $0.63 on Friday, reaching $19.23. The company had a trading volume of 3,386,823 shares, compared to its average volume of 4,139,921. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 62.03, a price-to-earnings-growth ratio of 1.10 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $22.39. The company's fifty day moving average is $18.58 and its 200-day moving average is $16.36.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The company's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. On average, research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be given a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 annualized dividend and a yield of 2.50%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 154.84%.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 23,041 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.01, for a total transaction of $461,050.41. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Bradley J. Haas sold 23,041 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $20.01, for a total value of $461,050.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tracy Layney sold 15,894 shares of the company's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $17.02, for a total transaction of $270,515.88. Following the completion of the sale, the executive vice president now directly owns 41,468 shares in the company, valued at $705,785.36. The disclosure for this sale can be found here. Insiders have sold 168,727 shares of company stock valued at $3,275,016 in the last three months. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.