Schonfeld Strategic Advisors LLC Invests $896,000 in Levi Strauss & Co. (NYSE:LEVI)

Schonfeld Strategic Advisors LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the fourth quarter, HoldingsChannel reports. The firm bought 51,807 shares of the blue-jean maker’s stock, valued at approximately $896,000.

A number of other large investors have also recently made changes to their positions in LEVI. Charles Schwab Investment Management Inc. raised its position in shares of Levi Strauss & Co. by 19.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker’s stock worth $16,383,000 after acquiring an additional 152,590 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at $511,000. Y Intercept Hong Kong Ltd purchased a new stake in Levi Strauss & Co. in the 4th quarter worth approximately $1,415,000. American Century Companies Inc. raised its holdings in Levi Strauss & Co. by 15.8% during the fourth quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker’s stock valued at $27,823,000 after acquiring an additional 219,546 shares during the period. Finally, Savoir Faire Capital Management L.P. boosted its position in shares of Levi Strauss & Co. by 55.6% during the fourth quarter. Savoir Faire Capital Management L.P. now owns 188,714 shares of the blue-jean maker’s stock worth $3,265,000 after acquiring an additional 67,401 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Price Performance

LEVI stock opened at $17.06 on Friday. The business has a 50 day simple moving average of $15.57 and a 200-day simple moving average of $16.88. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The firm has a market capitalization of $6.76 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the firm posted $0.26 earnings per share. Levi Strauss & Co.’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, April 24th will be paid a dividend of $0.13 per share. The ex-dividend date is Thursday, April 24th. This represents a $0.52 annualized dividend and a yield of 3.05%. Levi Strauss & Co.’s payout ratio is 58.43%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company raised shares of Levi Strauss & Co. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $17.00 to $20.00 in a research note on Wednesday, April 30th. Telsey Advisory Group reduced their price target on Levi Strauss & Co. from $23.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Stifel Nicolaus lowered 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. UBS Group cut their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Finally, Barclays decreased their target price on shares of Levi Strauss & Co. from $22.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.45.

Levi Strauss & Co. Company 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.