Tidal Investments LLC Has $3.64 Million Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

Tidal Investments LLC lifted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,736 shares of the blue-jean maker’s stock after purchasing an additional 16,785 shares during the period. Tidal Investments LLC’s holdings in Levi Strauss & Co. were worth $3,635,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LEVI. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. in the third quarter valued at approximately $27,000. 272 Capital LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at $35,000. Quarry LP acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter valued at $56,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after acquiring an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Levi Strauss & Co. in the second quarter worth $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Stifel Nicolaus dropped their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. TD Cowen reduced their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $22.75.

Levi Strauss & Co. Stock Down 0.4 %

Shares of NYSE:LEVI opened at $17.30 on Friday. The business’s 50 day moving average is $17.57 and its 200 day moving average is $19.17. Levi Strauss & Co. has a 12-month low of $14.87 and a 12-month high of $24.34. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 0.96 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. On average, sell-side analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.01%. Levi Strauss & Co.’s dividend payout ratio is currently 136.84%.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 8,332 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now directly owns 108,344 shares of the company’s stock, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.