Levi Strauss & Co. $LEVI Shares Purchased by Versor Investments LP

Versor Investments LP boosted its position in Levi Strauss & Co. (NYSE:LEVI) by 77.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,992 shares of the blue-jean maker’s stock after purchasing an additional 38,000 shares during the period. Versor Investments LP’s holdings in Levi Strauss & Co. were worth $1,804,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in Levi Strauss & Co. by 2,268.2% in the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock worth $5,566,000 after purchasing an additional 228,796 shares during the period. Truist Financial Corp acquired a new stake in Levi Strauss & Co. in the third quarter worth approximately $2,478,000. Vanguard Group Inc. lifted its position in Levi Strauss & Co. by 3.2% in the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after purchasing an additional 277,835 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Levi Strauss & Co. by 46.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 238,828 shares of the blue-jean maker’s stock worth $5,565,000 after purchasing an additional 75,623 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in Levi Strauss & Co. in the third quarter worth approximately $39,322,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Jason Gowans sold 40,000 shares of the business’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 sale, the executive vice president directly owned 92,199 shares of the company’s stock, valued at $2,012,704.17. The trade was a 30.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Harmit J. Singh sold 121,767 shares of the business’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $23.52, for a total transaction of $2,863,959.84. Following the sale, the executive vice president directly owned 148,757 shares in the company, valued at approximately $3,498,764.64. This trade represents a 45.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 310,705 shares of company stock valued at $7,159,229 in the last three months. 1.08% of the stock is currently owned by company insiders.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $21.87 on Tuesday. The company’s fifty day moving average is $20.59 and its two-hundred day moving average is $21.04. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a 12-month low of $16.50 and a 12-month high of $24.82. The company has a market cap of $8.41 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (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 the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up 14.1% on a year-over-year basis. Equities analysts expect that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, April 22nd. Levi Strauss & Co.’s payout ratio is 35.67%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Jefferies Financial Group assumed coverage on Levi Strauss & Co. in a report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price target on the stock. BTIG Research reaffirmed a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. UBS Group upped their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $26.69.

Levi Strauss & Co. 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.