Caitong International Asset Management Co. Ltd Invests $81,000 in Levi Strauss & Co. (NYSE:LEVI)

Caitong International Asset Management Co. Ltd purchased a new position in Levi Strauss & Co. (NYSE:LEVI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,207 shares of the blue-jean maker’s stock, valued at approximately $81,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. XTX Topco Ltd lifted its stake in shares of Levi Strauss & Co. by 2.1% in the first quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock worth $512,000 after buying an additional 670 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock worth $49,000 after buying an additional 812 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after buying an additional 1,113 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Levi Strauss & Co. by 7.5% in the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock worth $254,000 after buying an additional 1,133 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Levi Strauss & Co. by 2.4% in the fourth quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker’s stock worth $937,000 after buying an additional 1,283 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Bank of America raised their price target on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their price objective on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Morgan Stanley raised their price objective on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Telsey Advisory Group raised their price objective on shares of Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 11th. Finally, UBS Group raised their price objective on shares of Levi Strauss & Co. from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.45.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $21.17 on Friday. Levi Strauss & Co. has a 1-year low of $12.17 and a 1-year high of $22.35. The stock has a market cap of $8.38 billion, a PE ratio of 20.76, a P/E/G ratio of 1.67 and a beta of 1.21. The firm has a 50-day simple moving average of $19.47 and a two-hundred day simple moving average of $17.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 24th were given a dividend of $0.14 per share. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, July 24th. Levi Strauss & Co.’s dividend payout ratio (DPR) is 54.90%.

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.