Twelve Points Wealth Management LLC boosted its stake in shares of Levi Strauss & Co. (NYSE:LEVI – Get Rating) by 145.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,971 shares of the blue-jean maker's stock after buying an additional 18,347 shares during the quarter. Twelve Points Wealth Management LLC's holdings in Levi Strauss & Co. were worth $505,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LEVI. Dimensional Fund Advisors LP grew its position in Levi Strauss & Co. by 22.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 270,223 shares of the blue-jean maker's stock worth $6,764,000 after buying an additional 49,017 shares during the period. BNP Paribas Arbitrage SA grew its position in Levi Strauss & Co. by 81.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 31,226 shares of the blue-jean maker's stock worth $782,000 after buying an additional 14,019 shares during the period. Teacher Retirement System of Texas grew its position in Levi Strauss & Co. by 30.5% during the fourth quarter. Teacher Retirement System of Texas now owns 16,646 shares of the blue-jean maker's stock worth $417,000 after buying an additional 3,890 shares during the period. Gotham Asset Management LLC acquired a new position in Levi Strauss & Co. during the fourth quarter worth about $717,000. Finally, Bridgewater Associates LP grew its position in Levi Strauss & Co. by 183.2% during the fourth quarter. Bridgewater Associates LP now owns 383,577 shares of the blue-jean maker's stock worth $9,601,000 after buying an additional 248,147 shares during the period. 17.81% of the stock is currently owned by institutional investors and hedge funds.
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In other Levi Strauss & Co. news, EVP Seth Jaffe sold 12,782 shares of the stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $18.75, for a total transaction of $239,662.50. Following the transaction, the executive vice president now owns 148,299 shares of the company's stock, valued at $2,780,606.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.69% of the stock is currently owned by insiders.
Levi Strauss & Co. Trading Down 0.2 %
Shares of LEVI traded down $0.03 on Monday, hitting $16.46. 19,393 shares of the stock traded hands, compared to its average volume of 1,834,594. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.53 billion, a P/E ratio of 11.45, a P/E/G ratio of 2.88 and a beta of 1.13. The stock's 50 day moving average is $18.30 and its two-hundred day moving average is $18.26. Levi Strauss & Co. has a 1 year low of $15.61 and a 1 year high of $28.62.Levi Strauss & Co. (NYSE:LEVI – Get Rating) last announced its quarterly earnings data on Thursday, July 7th. The blue-jean maker reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 40.03%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, sell-side analysts predict 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. Investors of record on Monday, August 1st were paid a dividend of $0.12 per share. This is an increase from Levi Strauss & Co.'s previous quarterly dividend of $0.10. The ex-dividend date was Friday, July 29th. This represents a $0.48 annualized dividend and a dividend yield of 2.92%. Levi Strauss & Co.'s dividend payout ratio is presently 33.33%.
Analysts Set New Price Targets
Several research analysts have weighed in on LEVI shares. UBS Group lowered their target price on shares of Levi Strauss & Co. from $31.00 to $24.00 in a research report on Friday, July 15th. Morgan Stanley lowered shares of Levi Strauss & Co. from an "overweight" rating to an "equal weight" rating and set a $19.00 price target on the stock. in a research report on Thursday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 in a research report on Friday, September 16th. Wells Fargo & Company lowered their price target on shares of Levi Strauss & Co. from $25.00 to $22.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Finally, Stifel Nicolaus lowered their price target on shares of Levi Strauss & Co. from $26.00 to $23.00 in a research report on Wednesday, July 20th. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $26.27.
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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