Toroso Investments LLC Makes New Investment in Levi Strauss & Co. (NYSE:LEVI)

Toroso Investments LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 64,692 shares of the blue-jean maker’s stock, valued at approximately $1,793,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Levi Strauss & Co. by 12.5% in the second quarter. Vanguard Group Inc. now owns 6,952,786 shares of the blue-jean maker’s stock worth $192,732,000 after purchasing an additional 771,432 shares in the last quarter. Select Equity Group L.P. raised its holdings in Levi Strauss & Co. by 38.5% in the first quarter. Select Equity Group L.P. now owns 6,707,795 shares of the blue-jean maker’s stock worth $160,383,000 after purchasing an additional 1,865,839 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Levi Strauss & Co. by 0.4% in the first quarter. Janus Henderson Group PLC now owns 2,516,901 shares of the blue-jean maker’s stock worth $60,179,000 after purchasing an additional 9,313 shares in the last quarter. BlackRock Inc. raised its holdings in Levi Strauss & Co. by 16.1% in the second quarter. BlackRock Inc. now owns 2,111,535 shares of the blue-jean maker’s stock worth $58,531,000 after purchasing an additional 292,861 shares in the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of Levi Strauss & Co. by 4.0% during the second quarter. Artemis Investment Management LLP now owns 1,993,393 shares of the blue-jean maker’s stock worth $55,263,000 after acquiring an additional 75,919 shares during the last quarter. Institutional investors and hedge funds own 18.00% of the company’s stock.

A number of equities research analysts have recently weighed in on LEVI shares. Wells Fargo & Company started coverage on Levi Strauss & Co. in a research note on Monday, August 30th. They set an “overweight” rating and a $31.00 price target on the stock. Stifel Nicolaus began coverage on Levi Strauss & Co. in a research note on Monday, August 2nd. They set a “buy” rating and a $38.00 target price for the company. Telsey Advisory Group upped their target price on Levi Strauss & Co. from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, July 9th. UBS Group reaffirmed a “buy” rating and set a $36.00 target price on shares of Levi Strauss & Co. in a research note on Tuesday, July 6th. Finally, Zacks Investment Research raised Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Saturday, July 3rd. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of “Buy” and an average price target of $32.77.

NYSE:LEVI opened at $24.70 on Thursday. The firm’s fifty day moving average price is $26.25 and its 200 day moving average price is $26.98. Levi Strauss & Co. has a 1-year low of $15.17 and a 1-year high of $30.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.83 and a quick ratio of 1.32. The firm has a market cap of $9.92 billion, a price-to-earnings ratio of 19.59 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Tuesday, October 5th. The blue-jean maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.10. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. Levi Strauss & Co. had a net margin of 8.37% and a return on equity of 35.65%. Levi Strauss & Co.’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. As a group, analysts expect that Levi Strauss & Co. will post 1.44 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 17th. Investors of record on Friday, October 29th will be given a $0.08 dividend. The ex-dividend date is Thursday, October 28th. This represents a $0.32 annualized dividend and a dividend yield of 1.30%. Levi Strauss & Co.’s dividend payout ratio is presently 152.38%.

In other news, EVP Seth Jaffe sold 39,830 shares of the company’s stock in a transaction dated Wednesday, October 6th. The shares were sold at an average price of $24.43, for a total transaction of $973,046.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Friedman sold 25,000 shares of the stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $27.62, for a total transaction of $690,500.00. The disclosure for this sale can be found here. Insiders sold a total of 112,965 shares of company stock worth $2,948,192 over the last quarter. Insiders own 5.77% of the company’s stock.

Levi Strauss & Co. Company Profile

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.

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

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