Levi Strauss & Co. (NYSE:LEVI) Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in Levi Strauss & Co. (NYSE:LEVI) by 892.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,472 shares of the blue-jean maker’s stock after buying an additional 102,936 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Levi Strauss & Co. were worth $1,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEVI. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Levi Strauss & Co. in the 4th quarter worth approximately $39,000. New Age Alpha Advisors LLC bought a new position in Levi Strauss & Co. during the fourth quarter worth $82,000. Matrix Trust Co boosted its holdings in Levi Strauss & Co. by 678.9% in 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 during the period. R Squared Ltd bought a new stake in Levi Strauss & Co. during the fourth quarter valued at $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Levi Strauss & Co. by 2,904.1% during the third 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. 69.14% of the stock is owned by institutional investors.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now owns 100,012 shares of the company’s stock, valued at $1,844,221.28. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.25% of the company’s stock.

Analyst Upgrades and Downgrades

LEVI has been the subject of several research reports. Guggenheim lifted their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Citigroup cut their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Barclays lowered their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $23.00 price target on shares of Levi Strauss & Co. in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their price objective on 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. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.27.

Levi Strauss & Co. Stock Down 3.1 %

Shares of Levi Strauss & Co. stock opened at $13.99 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. Levi Strauss & Co. has a 1-year low of $13.51 and a 1-year high of $24.34. The business’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $17.71. The company has a market capitalization of $5.54 billion, a P/E ratio of 26.90, a PEG ratio of 1.92 and a beta of 1.07.

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

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.72%. Levi Strauss & Co.’s dividend payout ratio (DPR) is 100.00%.

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.