Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC trimmed its position in Levi Strauss & Co. (NYSE:LEVI) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,981 shares of the blue-jean maker’s stock after selling 1,186 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Levi Strauss & Co. were worth $474,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LEVI. Deutsche Bank AG acquired a new position in shares of Levi Strauss & Co. in the 4th quarter worth approximately $43,000. Ameritas Advisory Services LLC acquired a new position in shares of Levi Strauss & Co. in the 1st quarter worth approximately $57,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in Levi Strauss & Co. by 20.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,771 shares of the blue-jean maker’s stock worth $74,000 after buying an additional 818 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Levi Strauss & Co. during the 1st quarter worth approximately $93,000. Finally, Manchester Capital Management LLC purchased a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $122,000. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LEVI shares. Citigroup cut their target price on shares of Levi Strauss & Co. from $15.00 to $14.00 in a research note on Friday, July 7th. Stifel Nicolaus cut their target price on shares of Levi Strauss & Co. from $19.00 to $17.00 in a research note on Friday, July 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $18.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, July 27th. Bank of America cut their target price on shares of Levi Strauss & Co. from $16.00 to $14.00 in a research note on Friday, July 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Levi Strauss & Co. from $18.00 to $15.00 in a research report on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.90.

Levi Strauss & Co. Trading Down 0.6 %

Shares of Levi Strauss & Co. stock opened at $13.94 on Tuesday. The company has a fifty day simple moving average of $14.31 and a 200-day simple moving average of $15.08. Levi Strauss & Co. has a 12-month low of $12.80 and a 12-month high of $19.35. The company has a current ratio of 1.41, a quick ratio of 0.68 and a debt-to-equity ratio of 0.52. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.57 and a beta of 1.19.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Thursday, July 6th. The blue-jean maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Levi Strauss & Co. had a net margin of 7.12% and a return on equity of 23.46%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the business posted $0.29 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Levi Strauss & Co. will post 1.12 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Friday, August 4th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Thursday, August 3rd. Levi Strauss & Co.’s payout ratio is 43.64%.

Insider Activity

In other news, EVP Seth Jaffe sold 2,938 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $39,516.10. Following the completion of the transaction, the executive vice president now owns 173,732 shares in the company, valued at approximately $2,336,695.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.77% of the company’s stock.

Levi Strauss & Co. Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparels and related accessories for men, women, and children in the Americas, Europe, and Asia. It offers jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related products under the Levi's, Dockers, Beyond Yoga, Signature by Levi Strauss & Co, and Denizen brands.