51,807 Shares in Levi Strauss & Co. (NYSE:LEVI) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 51,807 shares of the blue-jean maker's stock, valued at approximately $896,000.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Levi Strauss & Co. by 1,079.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,432,127 shares of the blue-jean maker's stock worth $24,776,000 after buying an additional 1,310,748 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 worth $26,858,000 after acquiring an additional 840,251 shares during the last quarter. Ceredex Value Advisors LLC raised its position in Levi Strauss & Co. by 164.4% in the fourth quarter. Ceredex Value Advisors LLC now owns 1,312,150 shares of the blue-jean maker's stock valued at $22,700,000 after purchasing an additional 815,950 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Levi Strauss & Co. by 53.7% in the 4th 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 purchasing an additional 669,624 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in shares of Levi Strauss & Co. during the 4th quarter worth $10,297,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Performance

NYSE LEVI traded up $0.50 on Monday, reaching $17.71. The stock had a trading volume of 3,068,706 shares, compared to its average volume of 2,149,372. 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 business's 50-day moving average price is $15.58 and its 200 day moving average price is $16.87. The stock has a market cap of $7.01 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data 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 25.88% and a net margin of 3.32%. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same period last year, the firm earned $0.26 EPS. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed 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 of this dividend was Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.94%. Levi Strauss & Co.'s payout ratio is 58.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LEVI shares. Barclays lowered their price objective on shares of Levi Strauss & Co. from $22.00 to $18.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America upgraded Levi Strauss & Co. from a "neutral" rating to a "buy" rating and raised their price target for the stock from $17.00 to $20.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $19.00 to $17.00 in a report on Tuesday, April 8th. Wells Fargo & Company upgraded Levi Strauss & Co. from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $17.00 to $20.00 in a report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a "buy" rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.