Levi Strauss & Co. $LEVI Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. decreased its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 63.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 68,680 shares of the blue-jean maker’s stock after selling 120,038 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Levi Strauss & Co. were worth $1,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Figure 8 Investment Strategies LLC grew its position in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Figure 8 Investment Strategies LLC now owns 50,939 shares of the blue-jean maker’s stock worth $1,056,000 after buying an additional 583 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Levi Strauss & Co. by 10.3% during the third quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock worth $151,000 after buying an additional 614 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Levi Strauss & Co. by 2.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,732 shares of the blue-jean maker’s stock valued at $575,000 after acquiring an additional 638 shares in the last quarter. US Bancorp DE raised its holdings in Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Insider Activity at Levi Strauss & Co.

In related news, SVP David Jedrzejek sold 2,248 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $19.60, for a total value of $44,060.80. Following the completion of the sale, the senior vice president directly owned 106,818 shares of the company’s stock, valued at $2,093,632.80. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason Gowans sold 40,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $21.83, for a total transaction of $873,200.00. Following the completion of the transaction, the executive vice president owned 92,199 shares of the company’s stock, valued at $2,012,704.17. This represents a 30.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 274,015 shares of company stock valued at $6,311,221 in the last ninety days. Insiders own 1.08% of the company’s stock.

Levi Strauss & Co. Price Performance

LEVI stock opened at $22.34 on Friday. The business has a 50 day moving average price of $20.57 and a 200 day moving average price of $20.99. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The stock has a market cap of $8.59 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.65 and a beta of 1.34. Levi Strauss & Co. has a fifty-two week low of $15.79 and a fifty-two week high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Equities research analysts anticipate that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a $0.14 dividend. The ex-dividend date is Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. Levi Strauss & Co.’s dividend payout ratio is presently 35.67%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. UBS Group boosted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, April 8th. Jefferies Financial Group started coverage on shares of Levi Strauss & Co. in a report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Weiss Ratings downgraded shares of Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 8th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $26.77.

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.