Abel Hall LLC Makes New Investment in Levi Strauss & Co. $LEVI

Abel Hall LLC acquired a new position in Levi Strauss & Co. (NYSE:LEVI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,013 shares of the blue-jean maker’s stock, valued at approximately $185,000.

Several other hedge funds have also added to or reduced their stakes in LEVI. XTX Topco Ltd raised its position in shares of Levi Strauss & Co. by 2.1% in the first quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker’s stock valued at $512,000 after purchasing an additional 670 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after purchasing an additional 812 shares during the period. Golden State Wealth Management LLC raised its position in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock valued at $34,000 after purchasing an additional 1,113 shares during the period. Cetera Investment Advisers raised its position in shares of Levi Strauss & Co. by 7.5% in the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker’s stock valued at $254,000 after purchasing an additional 1,133 shares during the period. Finally, KBC Group NV raised its position in shares of Levi Strauss & Co. by 1.5% in the first quarter. KBC Group NV now owns 116,131 shares of the blue-jean maker’s stock valued at $1,810,000 after purchasing an additional 1,689 shares during the period. Institutional investors own 69.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on LEVI shares. Citigroup boosted their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Stifel Nicolaus boosted their price objective on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Levi Strauss & Co. from $18.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Levi Strauss & Co. in a research note on Wednesday. Finally, Morgan Stanley boosted their price objective on shares of Levi Strauss & Co. from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

Levi Strauss & Co. Price Performance

LEVI stock opened at $24.65 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.82. The stock has a market cap of $9.75 billion, a PE ratio of 24.17, a P/E/G ratio of 1.84 and a beta of 1.30. The firm has a 50 day simple moving average of $22.03 and a two-hundred day simple moving average of $18.98.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. Levi Strauss & Co. had a net margin of 6.40% and a return on equity of 28.75%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Margaret E. Haas sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 201,150 shares of company stock valued at $4,860,018. Corporate insiders own 1.25% of the company’s stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.