Levi Strauss & Co. (NYSE:LEVI) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its position in Levi Strauss & Co. (NYSE:LEVI) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,250 shares of the blue-jean maker’s stock after acquiring an additional 9,303 shares during the quarter. Stifel Financial Corp’s holdings in Levi Strauss & Co. were worth $2,755,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Levi Strauss & Co. in the 4th quarter valued at about $39,000. New Age Alpha Advisors LLC acquired a new position in shares of Levi Strauss & Co. in the fourth quarter valued at approximately $82,000. Matrix Trust Co raised its stake in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $105,000. Finally, Manchester Capital Management LLC purchased a new position in Levi Strauss & Co. in the 4th quarter valued at $115,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LEVI. Bank of America upgraded shares of Levi Strauss & Co. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $20.00 in a research report on Thursday, April 10th. Guggenheim raised their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. UBS Group dropped their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Stifel Nicolaus reduced their price target on Levi Strauss & Co. from $25.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley dropped their price objective on Levi Strauss & Co. from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.45.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $16.21 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $6.42 billion, a P/E ratio of 31.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. The firm has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $16.93. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $0.26 EPS. The company’s revenue was up 3.1% on a year-over-year basis. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 24th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $0.52 annualized dividend and a dividend yield of 3.21%. Levi Strauss & Co.’s dividend payout ratio is currently 58.43%.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the sale, the director now directly owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.25% of the company’s stock.

Levi Strauss & Co. Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.