American Century Companies Inc. lowered its position in shares of Levi Strauss & Co. (NYSE:LEVI – Get Rating) by 50.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 631,462 shares of the blue-jean maker's stock after selling 633,308 shares during the period. American Century Companies Inc. owned 0.16% of Levi Strauss & Co. worth $12,478,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. IndexIQ Advisors LLC bought a new position in shares of Levi Strauss & Co. during the first quarter worth about $381,000. Navellier & Associates Inc. grew its position in shares of Levi Strauss & Co. by 146.8% during the fourth quarter. Navellier & Associates Inc. now owns 127,790 shares of the blue-jean maker's stock worth $3,199,000 after acquiring an additional 76,018 shares during the last quarter. Goelzer Investment Management Inc. grew its position in Levi Strauss & Co. by 1.7% in the 4th quarter. Goelzer Investment Management Inc. now owns 307,947 shares of the blue-jean maker's stock valued at $7,708,000 after buying an additional 5,190 shares in the last quarter. Teacher Retirement System of Texas grew its position in Levi Strauss & Co. by 30.5% in the 4th quarter. Teacher Retirement System of Texas now owns 16,646 shares of the blue-jean maker's stock valued at $417,000 after buying an additional 3,890 shares in the last quarter. Finally, Seven Eight Capital LP grew its position in Levi Strauss & Co. by 74.4% in the 1st quarter. Seven Eight Capital LP now owns 39,133 shares of the blue-jean maker's stock valued at $773,000 after buying an additional 16,697 shares in the last quarter. Institutional investors own 17.81% of the company's stock.
Get Levi Strauss & Co. alerts:Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on LEVI shares. UBS Group decreased their target price on shares of Levi Strauss & Co. from $31.00 to $24.00 in a research report on Friday, July 15th. JPMorgan Chase & Co. decreased their target price on shares of Levi Strauss & Co. from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. Wells Fargo & Company decreased their target price on shares of Levi Strauss & Co. from $25.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, July 8th. Stifel Nicolaus decreased their target price on shares of Levi Strauss & Co. from $26.00 to $23.00 in a research report on Wednesday, July 20th. Finally, Evercore ISI cut their price target on shares of Levi Strauss & Co. from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, July 8th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and a consensus price target of $26.18.
Insider Buying and Selling at Levi Strauss & Co.
In other news, EVP Seth Jaffe sold 12,782 shares of the company's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $18.75, for a total value of $239,662.50. Following the transaction, the executive vice president now owns 148,299 shares in the company, valued at approximately $2,780,606.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.69% of the company's stock.Levi Strauss & Co. Price Performance
LEVI stock opened at $17.22 on Friday. The company has a current ratio of 1.53, a quick ratio of 0.88 and a debt-to-equity ratio of 0.58. Levi Strauss & Co. has a one year low of $15.61 and a one year high of $28.62. The firm has a market capitalization of $6.83 billion, a PE ratio of 11.96, a P/E/G ratio of 3.09 and a beta of 1.11. The firm has a 50-day moving average of $18.07 and a two-hundred day moving average of $18.74.
Levi Strauss & Co. (NYSE:LEVI – Get Rating) last posted its quarterly earnings data on Thursday, July 7th. The blue-jean maker reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.06. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 40.03%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts forecast that Levi Strauss & Co. will post 1.54 earnings per share for the current year.
Levi Strauss & Co. Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 17th. Shareholders of record on Monday, August 1st were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, July 29th. This is a positive change from Levi Strauss & Co.'s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 2.79%. Levi Strauss & Co.'s dividend payout ratio is currently 33.33%.
About Levi Strauss & Co.
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Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.
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