Woodson Capital Management LP Has $17.12 Million Stock Position in Levi Strauss & Co. (NYSE:LEVI)

Woodson Capital Management LP lowered its holdings in Levi Strauss & Co. (NYSE:LEVI) by 28.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 785,500 shares of the blue-jean maker’s stock after selling 314,500 shares during the quarter. Levi Strauss & Co. accounts for about 3.3% of Woodson Capital Management LP’s investment portfolio, making the stock its 13th largest position. Woodson Capital Management LP owned about 0.20% of Levi Strauss & Co. worth $17,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. bought a new stake in shares of Levi Strauss & Co. during the second quarter valued at approximately $8,552,000. Vanguard Group Inc. increased its position in shares of Levi Strauss & Co. by 2.0% during the first quarter. Vanguard Group Inc. now owns 8,555,997 shares of the blue-jean maker’s stock valued at $171,034,000 after purchasing an additional 164,612 shares during the period. Davidson Kempner Capital Management LP bought a new stake in shares of Levi Strauss & Co. during the second quarter valued at approximately $3,219,000. Shellback Capital LP bought a new stake in shares of Levi Strauss & Co. during the second quarter valued at approximately $482,000. Finally, Aigen Investment Management LP acquired a new stake in Levi Strauss & Co. in the 3rd quarter valued at $1,673,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.8 %

Shares of LEVI opened at $16.91 on Friday. The stock’s fifty day simple moving average is $18.25 and its 200-day simple moving average is $19.53. The firm has a market capitalization of $6.71 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 12-month low of $14.70 and a 12-month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, research analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.08%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 136.85%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LEVI. TD Cowen decreased their price target on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. This represents a 9.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.14% of the company’s stock.

Levi Strauss & Co. 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.