Versor Investments LP Boosts Holdings in Levi Strauss & Co. (NYSE:LEVI)

Versor Investments LP lifted its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 155.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,600 shares of the blue-jean maker’s stock after buying an additional 46,023 shares during the period. Versor Investments LP’s holdings in Levi Strauss & Co. were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LEVI. Millennium Management LLC grew its position in Levi Strauss & Co. by 2,083.0% in the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock worth $37,079,000 after acquiring an additional 1,835,107 shares during the period. American Century Companies Inc. lifted its stake in shares of Levi Strauss & Co. by 2,070.8% in the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock valued at $27,600,000 after purchasing an additional 1,365,574 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Levi Strauss & Co. by 6,794.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock worth $24,001,000 after purchasing an additional 1,226,818 shares during the period. Marshall Wace LLP increased its position in shares of Levi Strauss & Co. by 21.5% during the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock worth $82,409,000 after purchasing an additional 756,926 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new stake in shares of Levi Strauss & Co. during the 3rd quarter worth about $10,817,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the sale, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the transaction, the director now owns 154,178 shares in the company, valued at approximately $2,952,508.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David A. Friedman sold 25,002 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Stock Up 0.9 %

NYSE:LEVI traded up $0.16 during midday trading on Monday, reaching $17.09. The company had a trading volume of 122,243 shares, compared to its average volume of 2,247,643. The stock’s fifty day simple moving average is $19.01 and its 200-day simple moving average is $20.02. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 12-month low of $13.94 and a 12-month high of $24.34. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 44.55, a PEG ratio of 1.06 and a beta of 1.18.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.04%. Levi Strauss & Co.’s payout ratio is 136.85%.

Wall Street Analyst Weigh In

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

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.