Algert Global LLC Buys 111,330 Shares of Levi Strauss & Co. (NYSE:LEVI)

Algert Global LLC lifted its position in Levi Strauss & Co. (NYSE:LEVI) by 282.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 150,793 shares of the blue-jean maker’s stock after purchasing an additional 111,330 shares during the period. Algert Global LLC’s holdings in Levi Strauss & Co. were worth $3,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Levi Strauss & Co. by 2,083.0% during the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after purchasing an additional 1,835,107 shares during the period. American Century Companies Inc. increased its stake in shares of Levi Strauss & Co. by 2,070.8% during the second quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock valued at $27,600,000 after buying an additional 1,365,574 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Levi Strauss & Co. by 6,794.9% during the second quarter. The Manufacturers Life Insurance Company now owns 1,244,873 shares of the blue-jean maker’s stock valued at $24,001,000 after buying an additional 1,226,818 shares during the period. Marshall Wace LLP lifted its stake in Levi Strauss & Co. by 21.5% in the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock worth $82,409,000 after acquiring an additional 756,926 shares during the period. Finally, Ceredex Value Advisors LLC bought a new stake in Levi Strauss & Co. in the third quarter valued at $10,817,000. Institutional investors own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

LEVI has been the subject of several research reports. TD Cowen decreased their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Stifel Nicolaus reduced their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. The trade was a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Stock Up 4.8 %

LEVI stock opened at $17.11 on Tuesday. Levi Strauss & Co. has a twelve month low of $14.70 and a twelve month high of $24.34. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. The firm has a market cap of $6.79 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.18. The business has a 50 day moving average of $18.47 and a 200 day moving average of $19.65.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. On average, research analysts forecast that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were given a $0.13 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 annualized dividend and a yield of 3.04%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 136.85%.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.