Thompson Investment Management Inc. Has $592,000 Position in Levi Strauss & Co. (NYSE:LEVI)

Thompson Investment Management Inc. raised its stake in Levi Strauss & Co. (NYSE:LEVI) by 113.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,200 shares of the blue-jean maker’s stock after purchasing an additional 18,200 shares during the period. Thompson Investment Management Inc.’s holdings in Levi Strauss & Co. were worth $592,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aigen Investment Management LP acquired a new position in shares of Levi Strauss & Co. in the third quarter valued at about $1,673,000. Charles Schwab Investment Management Inc. grew its stake in shares of Levi Strauss & Co. by 16.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 794,408 shares of the blue-jean maker’s stock valued at $17,318,000 after acquiring an additional 110,993 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Levi Strauss & Co. in the third quarter valued at about $832,000. GSA Capital Partners LLP grew its stake in shares of Levi Strauss & Co. by 81.6% in the third quarter. GSA Capital Partners LLP now owns 117,449 shares of the blue-jean maker’s stock valued at $2,560,000 after acquiring an additional 52,760 shares in the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Levi Strauss & Co. in the third quarter valued at about $1,222,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on LEVI. JPMorgan Chase & Co. cut their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company decreased their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. UBS Group decreased their target price 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. Morgan Stanley decreased their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, Telsey Advisory Group decreased 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 report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Trading Down 3.3 %

Shares of LEVI opened at $18.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The firm has a market cap of $7.29 billion, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34. The business has a 50-day moving average of $17.76 and a 200 day moving average of $18.19.

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%. As a group, research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, February 12th. Levi Strauss & Co.’s payout ratio is presently 100.00%.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the sale, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 16,664 shares of company stock valued at $301,785 in the last quarter. 3.14% of the stock is currently owned by corporate insiders.

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.