Sei Investments Co. Buys 17,889 Shares of Levi Strauss & Co. (NYSE:LEVI)

Sei Investments Co. boosted its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 8.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 228,913 shares of the blue-jean maker’s stock after acquiring an additional 17,889 shares during the period. Sei Investments Co. owned 0.06% of Levi Strauss & Co. worth $4,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. boosted its holdings in shares of Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock valued at $27,600,000 after purchasing an additional 1,365,574 shares during the last quarter. Capital Research Global Investors boosted its stake in Levi Strauss & Co. by 17.8% during the fourth quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock valued at $109,584,000 after buying an additional 1,000,000 shares during the last quarter. Pier Capital LLC bought a new position in Levi Strauss & Co. during the second quarter valued at approximately $7,065,000. Dimensional Fund Advisors LP grew its holdings in Levi Strauss & Co. by 20.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,432,143 shares of the blue-jean maker’s stock valued at $23,688,000 after buying an additional 242,882 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. bought a new stake in Levi Strauss & Co. in the 2nd quarter worth approximately $4,011,000. 69.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the transaction, the director now directly owns 158,344 shares in the company, valued at approximately $2,886,611.12. The disclosure for this sale can be found here. Insiders have sold 33,334 shares of company stock valued at $655,765 in the last 90 days. Company insiders own 3.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LEVI. Stifel Nicolaus raised their target price on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a report on Monday, June 24th. TD Cowen dropped their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, September 27th. JPMorgan Chase & Co. decreased their target price on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Bank of America boosted their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, June 27th. Finally, OTR Global started coverage on Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.25.

Levi Strauss & Co. Price Performance

LEVI opened at $21.68 on Wednesday. The business has a fifty day moving average of $18.97 and a 200 day moving average of $20.31. The stock has a market cap of $8.62 billion, a P/E ratio of 61.94, a PEG ratio of 1.19 and a beta of 1.14. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $24.34.

Levi Strauss & Co. Profile

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.