Farther Finance Advisors LLC Has $218,000 Holdings in Levi Strauss & Co. $LEVI

Farther Finance Advisors LLC raised its position in Levi Strauss & Co. (NYSE:LEVI) by 1,180,700.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,808 shares of the blue-jean maker’s stock after buying an additional 11,807 shares during the period. Farther Finance Advisors LLC’s holdings in Levi Strauss & Co. were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in shares of Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after purchasing an additional 1,113 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Levi Strauss & Co. during the first quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock worth $49,000 after purchasing an additional 812 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Levi Strauss & Co. during the first quarter worth approximately $81,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Up 4.7%

Shares of NYSE LEVI opened at $24.40 on Thursday. The company’s fifty day moving average is $21.62 and its 200-day moving average is $18.69. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.88 and a beta of 1.30. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.42. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 24th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $0.56 annualized dividend and a yield of 2.3%. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.13. Levi Strauss & Co.’s payout ratio is presently 54.90%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Levi Strauss & Co. from $20.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company upped their target price on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Zacks Research lowered shares of Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Stifel Nicolaus increased their price objective on shares of Levi Strauss & Co. from $20.00 to $24.00 and gave the company a “buy” rating in a report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.33.

About Levi Strauss & Co.

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.