Levi Strauss & Co. (NYSE:LEVI) Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in Levi Strauss & Co. (NYSE:LEVIFree Report) by 158.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,000 shares of the blue-jean maker’s stock after acquiring an additional 95,000 shares during the period. Allianz Asset Management GmbH’s holdings in Levi Strauss & Co. were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LEVI. New York Life Investment Management LLC grew its stake in Levi Strauss & Co. by 9.8% during the 3rd quarter. New York Life Investment Management LLC now owns 29,503 shares of the blue-jean maker’s stock valued at $401,000 after acquiring an additional 2,634 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Levi Strauss & Co. in the third quarter valued at approximately $195,000. Swiss National Bank grew its position in shares of Levi Strauss & Co. by 1.8% in the third quarter. Swiss National Bank now owns 208,100 shares of the blue-jean maker’s stock valued at $2,826,000 after purchasing an additional 3,700 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Levi Strauss & Co. by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 538,163 shares of the blue-jean maker’s stock valued at $7,308,000 after purchasing an additional 26,902 shares during the last quarter. Finally, UBS Group AG lifted its position in Levi Strauss & Co. by 121.7% during the third quarter. UBS Group AG now owns 493,505 shares of the blue-jean maker’s stock worth $6,702,000 after buying an additional 270,870 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $23.54 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.78 and a current ratio of 1.43. The firm has a market cap of $9.37 billion, a P/E ratio of 75.94, a P/E/G ratio of 1.39 and a beta of 1.19. The firm’s 50 day moving average price is $21.61 and its 200-day moving average price is $18.48. Levi Strauss & Co. has a one year low of $12.41 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last announced its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LEVI shares. JPMorgan Chase & Co. upped their target price on Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Stifel Nicolaus raised their price objective on shares of Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. TheStreet upgraded shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. TD Cowen raised their price target on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, Morgan Stanley lifted their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and an average target price of $20.56.

Check Out Our Latest Analysis on LEVI

Insiders Place Their Bets

In other news, major shareholder Bradley J. Haas sold 23,041 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.01, for a total value of $461,050.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David A. Friedman sold 16,666 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $23.94, for a total value of $398,984.04. Following the sale, the director now directly owns 166,676 shares in the company, valued at $3,990,223.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.01, for a total value of $461,050.41. The disclosure for this sale can be found here. Insiders have sold 830,719 shares of company stock worth $18,426,020 over the last three months. Company insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Profile

(Free Report)

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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