Tidal Investments LLC Purchases 16,785 Shares of Levi Strauss & Co. (NYSE:LEVI)

Tidal Investments LLC raised its position in Levi Strauss & Co. (NYSE:LEVI) by 11.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,736 shares of the blue-jean maker’s stock after buying an additional 16,785 shares during the quarter. Tidal Investments LLC’s holdings in Levi Strauss & Co. were worth $3,635,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Asset Management One Co. Ltd. purchased a new stake in Levi Strauss & Co. in the 3rd quarter worth about $27,000. 272 Capital LP purchased a new stake in Levi Strauss & Co. during the second quarter valued at about $35,000. Quarry LP bought a new position in Levi Strauss & Co. during the second quarter worth about $56,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Levi Strauss & Co. in the second quarter worth about $135,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Down 0.4 %

Levi Strauss & Co. stock opened at $17.30 on Friday. The stock has a market cap of $6.86 billion, a P/E ratio of 45.53, a PEG ratio of 0.96 and a beta of 1.18. Levi Strauss & Co. has a fifty-two week low of $14.87 and a fifty-two week high of $24.34. The firm’s fifty day moving average price is $17.57 and its 200-day moving average price is $19.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. Equities research analysts forecast that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Tuesday, October 29th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is presently 136.84%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 8,332 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $18.00, for a total transaction of $149,976.00. Following the completion of the sale, the director now directly owns 108,344 shares in the company, valued at approximately $1,950,192. This represents a 7.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.14% of the company’s stock.

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.