Woodson Capital Management LP Has $17.12 Million Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

Woodson Capital Management LP cut its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 28.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 785,500 shares of the blue-jean maker’s stock after selling 314,500 shares during the quarter. Levi Strauss & Co. accounts for 3.3% of Woodson Capital Management LP’s investment portfolio, making the stock its 13th biggest position. Woodson Capital Management LP’s holdings in Levi Strauss & Co. were worth $17,124,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LEVI. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the third quarter valued at approximately $27,000. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $56,000. Headlands Technologies LLC acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at approximately $135,000. Finally, nVerses Capital LLC bought a new position in shares of Levi Strauss & Co. during the second quarter worth approximately $195,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LEVI shares. TD Cowen lowered their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus lowered their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the transaction, the director now directly owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The trade was a 2.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.8 %

Shares of LEVI opened at $16.91 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. Levi Strauss & Co. has a 52-week low of $14.70 and a 52-week high of $24.34. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.06 and a beta of 1.18. The business’s fifty day moving average is $18.25 and its 200-day moving average is $19.53.

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

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 3.08%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.’s payout ratio 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.