6,090 Shares in Levi Strauss & Co. (NYSE:LEVI) Acquired by R Squared Ltd

R Squared Ltd purchased a new stake in shares of Levi Strauss & Co. (NYSE:LEVI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,090 shares of the blue-jean maker’s stock, valued at approximately $105,000.

Several other institutional investors have also recently bought and sold shares of LEVI. Asset Management One Co. Ltd. bought a new position in shares of Levi Strauss & Co. in the third quarter valued at about $27,000. Quarry LP acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Levi Strauss & Co. by 2,904.1% in 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 during the last quarter. Matrix Trust Co lifted its position in shares of Levi Strauss & Co. by 678.9% during the fourth 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 in the last quarter. Finally, nVerses Capital LLC lifted its position in shares of Levi Strauss & Co. by 17.8% during the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock worth $259,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LEVI shares. JPMorgan Chase & Co. dropped their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Telsey Advisory Group dropped their target price on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday. Guggenheim reiterated a “buy” rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a report on Friday, January 24th. Stifel Nicolaus dropped their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Morgan Stanley reduced their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $21.36.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $19.01 on Friday. 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. has a 12-month low of $15.62 and a 12-month high of $24.34. The firm has a fifty day moving average of $17.52 and a 200-day moving average of $18.17. The firm has a market capitalization of $7.54 billion, a price-to-earnings ratio of 50.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. On average, equities research analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, February 12th. Levi Strauss & Co.’s payout ratio is currently 136.85%.

Insider Activity

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the sale, the director now directly owns 104,178 shares in the company, valued at $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.14% of the company’s stock.

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.