Savoir Faire Capital Management L.P. Takes $4.01 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Savoir Faire Capital Management L.P. purchased a new stake in Levi Strauss & Co. (NYSE:LEVI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 208,048 shares of the blue-jean maker’s stock, valued at approximately $4,011,000. Levi Strauss & Co. accounts for approximately 1.6% of Savoir Faire Capital Management L.P.’s investment portfolio, making the stock its 28th biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Montis Financial LLC acquired a new position in Levi Strauss & Co. in the 2nd quarter worth approximately $3,976,000. American Century Companies Inc. boosted its position in shares of Levi Strauss & Co. by 2,070.8% in the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after buying an additional 1,365,574 shares during the period. Pier Capital LLC acquired a new stake in shares of Levi Strauss & Co. in the second quarter worth $7,065,000. ClariVest Asset Management LLC purchased a new position in shares of Levi Strauss & Co. during the second quarter valued at $1,203,000. Finally, Headlands Technologies LLC acquired a new position in Levi Strauss & Co. during the second quarter valued at $135,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Down 2.3 %

Shares of NYSE:LEVI opened at $19.48 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $7.74 billion, a PE ratio of 55.66, a P/E/G ratio of 1.13 and a beta of 1.14. The firm has a fifty day moving average price of $18.56 and a 200 day moving average price of $20.14. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. Levi Strauss & Co.’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $0.04 EPS. Analysts expect that Levi Strauss & Co. will post 1.25 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Friday, August 2nd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Friday, August 2nd. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.12. Levi Strauss & Co.’s payout ratio is currently 148.57%.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.37, for a total value of $80,695.42. Following the completion of the sale, the director now directly owns 162,510 shares of the company’s stock, valued at approximately $3,147,818.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 12,498 shares of company stock worth $236,421 in the last 90 days. 3.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LEVI has been the subject of several research reports. Stifel Nicolaus raised their price target on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, June 24th. JPMorgan Chase & Co. cut their target price on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Bank of America boosted their price target on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, June 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, June 27th. Finally, TD Cowen lifted their price objective on Levi Strauss & Co. from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.38.

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.