Duality Advisers LP Has $416,000 Stock Holdings in Levi Strauss & Co. (NYSE:LEVI)

Duality Advisers LP increased its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 51.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,144 shares of the blue-jean maker’s stock after purchasing an additional 8,593 shares during the quarter. Duality Advisers LP’s holdings in Levi Strauss & Co. were worth $416,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Everett Harris & Co. CA acquired a new position in Levi Strauss & Co. in the 3rd quarter valued at approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Levi Strauss & Co. by 43.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,978 shares of the blue-jean maker’s stock valued at $271,000 after acquiring an additional 6,018 shares during the period. Allspring Global Investments Holdings LLC increased its position in Levi Strauss & Co. by 25.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,327,756 shares of the blue-jean maker’s stock valued at $18,031,000 after acquiring an additional 267,760 shares during the period. Cutter & CO Brokerage Inc. increased its position in Levi Strauss & Co. by 4.9% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 17,000 shares of the blue-jean maker’s stock valued at $231,000 after acquiring an additional 800 shares during the period. Finally, Victory Capital Management Inc. increased its position in Levi Strauss & Co. by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 686,602 shares of the blue-jean maker’s stock valued at $9,324,000 after acquiring an additional 97,809 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Tracy Layney sold 15,894 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $17.02, for a total value of $270,515.88. Following the completion of the sale, the executive vice president now owns 41,468 shares in the company, valued at $705,785.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Tracy Layney sold 15,894 shares of the stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $17.02, for a total value of $270,515.88. Following the completion of the sale, the executive vice president now owns 41,468 shares in the company, valued at $705,785.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Margaret E. Haas sold 32,398 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $18.03, for a total transaction of $584,135.94. The disclosure for this sale can be found here. Insiders sold a total of 254,712 shares of company stock worth $5,171,845 over the last quarter. Insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Stock Down 2.2 %

Levi Strauss & Co. stock opened at $21.10 on Friday. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $22.39. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 68.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22. The firm’s fifty day moving average price is $19.13 and its two-hundred day moving average price is $16.76. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $0.34 earnings per share. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, equities research analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.28%. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Analysts Set New Price Targets

LEVI has been the subject of several recent analyst reports. UBS Group increased their price objective on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Wells Fargo & Company increased their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Telsey Advisory Group increased their price objective on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Stifel Nicolaus increased their price objective on shares of Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, TD Cowen increased their price objective on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.56.

Levi Strauss & Co. Company Profile

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.