Jensen Investment Management Inc. Increases Stock Position in Levi Strauss & Co. (NYSE:LEVI)

Jensen Investment Management Inc. raised its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 6.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 213,270 shares of the blue-jean maker’s stock after purchasing an additional 12,300 shares during the quarter. Jensen Investment Management Inc.’s holdings in Levi Strauss & Co. were worth $3,690,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Levi Strauss & Co. during the 4th quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the period. Matrix Trust Co lifted its position in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the period. R Squared Ltd purchased a new stake in shares of Levi Strauss & Co. in the 4th quarter worth about $105,000. Finally, Manchester Capital Management LLC purchased a new stake in shares of Levi Strauss & Co. in the 4th quarter worth about $115,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Up 3.3 %

NYSE:LEVI opened at $16.11 on Monday. The firm has a market cap of $6.38 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. Levi Strauss & Co. has a fifty-two week low of $15.51 and a fifty-two week high of $24.34. The firm has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $18.05.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. Analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th were paid a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.23%. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several research firms have recently commented on LEVI. Barclays dropped their target price on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. UBS Group decreased their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Citigroup decreased their price target on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Telsey Advisory Group decreased their price target on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Guggenheim increased their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the transaction, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.14% of the company’s stock.

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.