Levi Strauss & Co. $LEVI Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Levi Strauss & Co. (NYSE:LEVI) by 46.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 238,828 shares of the blue-jean maker’s stock after buying an additional 75,623 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.06% of Levi Strauss & Co. worth $5,565,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Levi Strauss & Co. by 3.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 26,094 shares of the blue-jean maker’s stock valued at $639,000 after acquiring an additional 806 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Levi Strauss & Co. by 46.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,817 shares of the blue-jean maker’s stock valued at $89,000 after purchasing an additional 1,531 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Levi Strauss & Co. by 1.8% in the second quarter. Legal & General Group Plc now owns 94,280 shares of the blue-jean maker’s stock worth $1,743,000 after buying an additional 1,711 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Levi Strauss & Co. by 7.5% during the third quarter. Harbor Capital Advisors Inc. now owns 27,904 shares of the blue-jean maker’s stock worth $650,000 after buying an additional 1,938 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LEVI. UBS Group upped their target price on Levi Strauss & Co. from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Wall Street Zen raised Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings cut Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Morgan Stanley upped their target price on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, January 21st. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.46.

Levi Strauss & Co. Stock Down 0.1%

Shares of LEVI opened at $21.22 on Tuesday. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.29 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 1.43 and a beta of 1.33. The stock’s 50-day moving average price is $21.45 and its 200-day moving average price is $21.51.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.