New Age Alpha Advisors LLC Acquires Shares of 4,714 Levi Strauss & Co. (NYSE:LEVI)

New Age Alpha Advisors LLC bought a new position in Levi Strauss & Co. (NYSE:LEVI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,714 shares of the blue-jean maker’s stock, valued at approximately $82,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LEVI. Allspring Global Investments Holdings LLC lifted its position in Levi Strauss & Co. by 119.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock valued at $26,858,000 after acquiring an additional 840,251 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Levi Strauss & Co. by 59.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock valued at $33,907,000 after purchasing an additional 579,460 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Levi Strauss & Co. by 15.8% in the 4th quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker’s stock worth $27,823,000 after purchasing an additional 219,546 shares in the last quarter. Pier Capital LLC boosted its position in shares of Levi Strauss & Co. by 53.8% in the 4th quarter. Pier Capital LLC now owns 558,973 shares of the blue-jean maker’s stock worth $9,670,000 after purchasing an additional 195,449 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Levi Strauss & Co. in the 4th quarter worth approximately $2,732,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Price Performance

NYSE LEVI opened at $14.43 on Friday. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.92 and a beta of 1.07. Levi Strauss & Co. has a 1-year low of $14.23 and a 1-year high of $24.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The business’s fifty day moving average price is $17.27 and its 200-day moving average price is $17.75.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results 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 return on equity of 25.88% and a net margin of 3.32%. On average, equities analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Wednesday, February 12th. Levi Strauss & Co.’s payout ratio is 100.00%.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the transaction, the director now directly owns 104,178 shares in the company, valued at approximately $1,875,204. The trade was a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.25% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on LEVI shares. UBS Group dropped their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price target on shares of 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 reduced their price objective on shares of 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. Guggenheim upped their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus target price of $21.27.

About Levi Strauss & Co.

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.