Levi Strauss & Co. (NYSE:LEVI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Levi Strauss & Co. (NYSE:LEVI – Get Rating) by 38.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,910 shares of the blue-jean maker’s stock after purchasing an additional 18,449 shares during the period. SG Americas Securities LLC’s holdings in Levi Strauss & Co. were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LEVI. Wellington Management Group LLP increased its position in shares of Levi Strauss & Co. by 20.5% in the first quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker’s stock worth $125,773,000 after acquiring an additional 1,084,969 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Levi Strauss & Co. by 2.4% in the second quarter. Franklin Resources Inc. now owns 2,150,090 shares of the blue-jean maker’s stock worth $35,089,000 after acquiring an additional 50,239 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Levi Strauss & Co. by 11.7% in the second quarter. Goldman Sachs Group Inc. now owns 1,065,858 shares of the blue-jean maker’s stock worth $17,395,000 after acquiring an additional 111,262 shares in the last quarter. Trillium Asset Management LLC increased its position in shares of Levi Strauss & Co. by 120.9% in the second quarter. Trillium Asset Management LLC now owns 834,904 shares of the blue-jean maker’s stock worth $13,627,000 after acquiring an additional 456,913 shares in the last quarter. Finally, CORDA Investment Management LLC. increased its position in shares of Levi Strauss & Co. by 4.3% in the second quarter. CORDA Investment Management LLC. now owns 602,008 shares of the blue-jean maker’s stock worth $9,824,000 after acquiring an additional 25,009 shares in the last quarter. Institutional investors and hedge funds own 18.76% of the company’s stock.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI opened at $16.22 on Thursday. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $16.13 and its two-hundred day moving average price is $16.67. Levi Strauss & Co. has a 52-week low of $13.57 and a 52-week high of $24.22. The stock has a market capitalization of $6.40 billion, a P/E ratio of 11.59, a P/E/G ratio of 5.33 and a beta of 1.14.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LEVI. The Goldman Sachs Group lowered shares of Levi Strauss & Co. from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $18.00 to $17.00 in a report on Monday, December 12th. Citigroup downgraded Levi Strauss & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Wednesday, January 11th. Bank of America downgraded Levi Strauss & Co. from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $17.00 in a research note on Wednesday. Telsey Advisory Group lowered their target price on Levi Strauss & Co. from $30.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, October 7th. Finally, JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Tuesday, November 29th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

Insiders Place Their Bets

In other news, EVP Seth Jaffe sold 11,266 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $15.03, for a total transaction of $169,327.98. Following the sale, the executive vice president now owns 148,299 shares of the company’s stock, valued at $2,228,933.97. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Seth M. Ellison sold 2,735 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $15.61, for a total transaction of $42,693.35. Following the sale, the executive vice president now owns 90,040 shares of the company’s stock, valued at $1,405,524.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Seth Jaffe sold 11,266 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $15.03, for a total transaction of $169,327.98. Following the transaction, the executive vice president now owns 148,299 shares in the company, valued at approximately $2,228,933.97. The disclosure for this sale can be found here. Insiders have sold 34,703 shares of company stock valued at $544,215 over the last quarter. Insiders own 3.69% of the company’s stock.

About Levi Strauss & Co.

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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.