Levi Strauss & Co. (NYSE:LEVI) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its holdings in shares of Levi Strauss & Co. (NYSE:LEVIFree Report) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,585 shares of the blue-jean maker’s stock after buying an additional 8,983 shares during the period. Sound Income Strategies LLC’s holdings in Levi Strauss & Co. were worth $1,416,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in Levi Strauss & Co. by 7.6% in the 3rd quarter. Wellington Management Group LLP now owns 8,626,322 shares of the blue-jean maker’s stock valued at $117,145,000 after buying an additional 610,838 shares during the period. Vanguard Group Inc. increased its stake in shares of Levi Strauss & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 8,294,342 shares of the blue-jean maker’s stock worth $112,637,000 after acquiring an additional 90,776 shares during the period. Macquarie Group Ltd. raised its holdings in Levi Strauss & Co. by 11.7% during the first quarter. Macquarie Group Ltd. now owns 5,989,518 shares of the blue-jean maker’s stock worth $109,189,000 after purchasing an additional 626,601 shares in the last quarter. FMR LLC lifted its position in Levi Strauss & Co. by 1.8% in the third quarter. FMR LLC now owns 5,913,865 shares of the blue-jean maker’s stock valued at $80,310,000 after purchasing an additional 105,924 shares during the period. Finally, BlackRock Inc. lifted its position in Levi Strauss & Co. by 4.5% in the second quarter. BlackRock Inc. now owns 1,898,650 shares of the blue-jean maker’s stock valued at $27,398,000 after purchasing an additional 82,421 shares during the period. Hedge funds and other institutional investors own 19.01% of the company’s stock.

Levi Strauss & Co. Stock Down 0.7 %

Shares of NYSE:LEVI opened at $18.19 on Monday. The company has a market capitalization of $7.24 billion, a P/E ratio of 28.87, a P/E/G ratio of 1.20 and a beta of 1.21. The stock’s fifty day simple moving average is $17.19 and its 200-day simple moving average is $15.51. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $18.91. The company has a quick ratio of 0.75, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts forecast that Levi Strauss & Co. will post 1.22 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Wednesday, February 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date was Tuesday, February 6th. Levi Strauss & Co.’s payout ratio is 76.19%.

Analyst Upgrades and Downgrades

LEVI has been the subject of a number of analyst reports. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. 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. Telsey Advisory Group upped their price target on shares of Levi Strauss & Co. from $16.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. reduced their price objective on shares of Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Finally, UBS Group upped 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $16.70.

Read Our Latest Report on LEVI

Insider Transactions at Levi Strauss & Co.

In other news, EVP Tracy Layney sold 15,894 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $17.02, for a total value of $270,515.88. Following the transaction, the executive vice president now owns 41,468 shares of the company’s stock, valued at approximately $705,785.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Margaret E. Haas sold 9,462 shares of Levi Strauss & Co. stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $18.01, for a total transaction of $170,410.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tracy Layney sold 15,894 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $17.02, for a total transaction of $270,515.88. Following the transaction, 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 a total of 97,850 shares of company stock worth $1,707,815 in the last three months. Company insiders own 3.77% of the company’s stock.

About Levi Strauss & Co.

(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

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

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