Levi Strauss & Co. (NYSE:LEVI) Shares Purchased by Pier Capital LLC

Pier Capital LLC increased its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 53.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 558,973 shares of the blue-jean maker’s stock after acquiring an additional 195,449 shares during the quarter. Levi Strauss & Co. makes up 1.4% of Pier Capital LLC’s portfolio, making the stock its 17th biggest holding. Pier Capital LLC’s holdings in Levi Strauss & Co. were worth $9,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Levi Strauss & Co. by 19.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 946,998 shares of the blue-jean maker’s stock worth $16,383,000 after buying an additional 152,590 shares during the last quarter. XTX Topco Ltd purchased a new stake in Levi Strauss & Co. in the third quarter valued at $832,000. Entropy Technologies LP purchased a new stake in Levi Strauss & Co. in the fourth quarter valued at $511,000. Maverick Capital Ltd. acquired a new position in shares of Levi Strauss & Co. in the 3rd quarter valued at $1,222,000. Finally, Algert Global LLC grew its holdings in shares of Levi Strauss & Co. by 282.1% during the 3rd quarter. Algert Global LLC now owns 150,793 shares of the blue-jean maker’s stock worth $3,287,000 after purchasing an additional 111,330 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LEVI. Telsey Advisory Group lowered their target price on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. UBS Group lowered their price objective on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company dropped their price objective on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Barclays decreased their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.27.

Insiders Place Their Bets

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now directly owns 100,012 shares in the company, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.14% of the stock is currently owned by insiders.

Levi Strauss & Co. Stock Down 0.1 %

Levi Strauss & Co. stock opened at $16.03 on Tuesday. The stock has a 50 day moving average of $17.55 and a two-hundred day moving average of $17.92. Levi Strauss & Co. has a twelve month low of $15.45 and a twelve month high of $24.34. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 30.83, a PEG ratio of 1.92 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

Levi Strauss & Co. 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.