R Squared Ltd Purchases New Holdings in Levi Strauss & Co. (NYSE:LEVI)

R Squared Ltd acquired a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the fourth quarter, HoldingsChannel reports. The firm acquired 6,090 shares of the blue-jean maker’s stock, valued at approximately $105,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LEVI. Twelve Points Wealth Management LLC raised its stake in Levi Strauss & Co. by 15.4% in the 4th quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock valued at $989,000 after acquiring an additional 7,633 shares during the period. Hunter Perkins Capital Management LLC raised its position in shares of Levi Strauss & Co. by 93.8% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock valued at $727,000 after purchasing an additional 20,335 shares during the period. KBC Group NV lifted its stake in shares of Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock worth $1,980,000 after buying an additional 892 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Levi Strauss & Co. by 32.9% during the 4th quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock worth $209,000 after buying an additional 2,998 shares during the period. Finally, Matrix Trust Co boosted its holdings in shares of Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares during the period. 69.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on LEVI. Morgan Stanley cut their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday. Citigroup dropped their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Telsey Advisory Group decreased their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday. Stifel Nicolaus dropped their target price 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, Guggenheim restated a “buy” rating and set a $23.00 target price on shares of Levi Strauss & Co. in a research report on Friday, January 24th. Five equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.36.

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 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 completion of the transaction, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.14% of the stock is owned by insiders.

Levi Strauss & Co. Stock Up 5.1 %

Shares of LEVI opened at $19.01 on Friday. The firm has a 50 day simple moving average of $17.52 and a two-hundred day simple moving average of $18.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. Levi Strauss & Co. has a one year low of $15.62 and a one year high of $24.34. The company has a market cap of $7.54 billion, a P/E ratio of 50.01, a P/E/G ratio of 0.97 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. Research analysts forecast that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Wednesday, February 12th will be given a dividend of $0.13 per share. 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 dividend payout ratio is 136.85%.

About Levi Strauss & Co.

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.