New York Life Investment Management LLC Grows Holdings in Levi Strauss & Co. (NYSE:LEVI)

New York Life Investment Management LLC grew its position in shares of Levi Strauss & Co. (NYSE:LEVIFree Report) by 9.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,503 shares of the blue-jean maker’s stock after purchasing an additional 2,634 shares during the period. New York Life Investment Management LLC’s holdings in Levi Strauss & Co. were worth $401,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tudor Investment Corp Et Al acquired a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth about $7,523,000. Cahill Financial Advisors Inc. acquired a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth about $289,000. Victory Capital Management Inc. boosted its stake in shares of Levi Strauss & Co. by 16.6% during the 3rd quarter. Victory Capital Management Inc. now owns 686,602 shares of the blue-jean maker’s stock worth $9,324,000 after purchasing an additional 97,809 shares during the last quarter. M. Kulyk & Associates LLC boosted its stake in shares of Levi Strauss & Co. by 2,096.4% during the 3rd quarter. M. Kulyk & Associates LLC now owns 1,252,500 shares of the blue-jean maker’s stock worth $17,009,000 after purchasing an additional 1,195,475 shares during the last quarter. Finally, Everett Harris & Co. CA acquired a new stake in shares of Levi Strauss & Co. during the 3rd quarter worth about $204,000. 19.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Elizabeth T. O’neill sold 38,975 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $17.00, for a total transaction of $662,575.00. Following the sale, the executive vice president now owns 58,224 shares in the company, valued at $989,808. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Tracy Layney sold 15,894 shares of the firm’s stock in a transaction that occurred on 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 owns 41,468 shares of the company’s stock, valued at $705,785.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth T. O’neill sold 38,975 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $17.00, for a total transaction of $662,575.00. Following the sale, the executive vice president now directly owns 58,224 shares of the company’s stock, valued at approximately $989,808. The disclosure for this sale can be found here. Insiders have sold 71,975 shares of company stock worth $1,189,681 over the last 90 days. Company insiders own 3.77% of the company’s stock.

Levi Strauss & Co. Trading Down 0.3 %

NYSE LEVI opened at $17.77 on Friday. Levi Strauss & Co. has a one year low of $12.41 and a one year high of $18.47. The company’s 50 day moving average price is $16.05 and its 200 day moving average price is $14.86. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.75 and a current ratio of 1.48. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 1.13 and a beta of 1.19.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 earnings per share. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Wednesday, February 7th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.70%. Levi Strauss & Co.’s dividend payout ratio is currently 76.19%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Telsey Advisory Group raised their target price on shares of Levi Strauss & Co. from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. UBS Group raised their target price on shares of Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley decreased their target price on shares of Levi Strauss & Co. from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 25th. Finally, Wells Fargo & Company decreased their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.70.

Get Our Latest Stock Analysis on Levi Strauss & Co.

Levi Strauss & Co. Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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