Levi Strauss & Co. (NYSE:LEVI) Shares Purchased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its holdings in Levi Strauss & Co. (NYSE:LEVI) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,514 shares of the blue-jean maker’s stock after buying an additional 6,528 shares during the quarter. Twelve Points Wealth Management LLC’s holdings in Levi Strauss & Co. were worth $1,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LEVI. Vanguard Group Inc. increased its holdings in shares of Levi Strauss & Co. by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock worth $171,034,000 after buying an additional 164,612 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after purchasing an additional 756,926 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after purchasing an additional 1,835,107 shares during the period. American Century Companies Inc. increased its position in Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after purchasing an additional 1,365,574 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Levi Strauss & Co. by 18.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock valued at $20,601,000 after buying an additional 196,270 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now owns 158,344 shares of the company’s stock, valued at $2,886,611.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now owns 158,344 shares in the company, valued at $2,886,611.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Friedman sold 25,002 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,334 shares of company stock worth $655,765. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Stock Down 3.0 %

LEVI stock opened at $18.74 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The firm has a 50 day simple moving average of $19.39 and a 200-day simple moving average of $20.36. The company has a market capitalization of $7.45 billion, a P/E ratio of 53.54, a PEG ratio of 1.18 and a beta of 1.14. Levi Strauss & Co. has a twelve month low of $13.22 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. On average, equities research analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is currently 148.57%.

Analyst Ratings Changes

A number of brokerages have weighed in on LEVI. Bank of America lifted their price target on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday. TD Cowen cut their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.75.

Levi Strauss & Co. 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.