Quadrature Capital Ltd raised its stake in Levi Strauss & Co. (NYSE:LEVI – Get Rating) by 77.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,652 shares of the blue-jean maker’s stock after buying an additional 15,125 shares during the quarter. Quadrature Capital Ltd’s holdings in Levi Strauss & Co. were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in shares of Levi Strauss & Co. by 40.6% in the 1st quarter. Raymond James & Associates now owns 36,330 shares of the blue-jean maker’s stock valued at $718,000 after acquiring an additional 10,498 shares during the period. Bank of New York Mellon Corp raised its holdings in Levi Strauss & Co. by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 438,865 shares of the blue-jean maker’s stock worth $8,672,000 after purchasing an additional 30,089 shares during the period. Citigroup Inc. boosted its position in shares of Levi Strauss & Co. by 37.9% during the first quarter. Citigroup Inc. now owns 79,770 shares of the blue-jean maker’s stock worth $1,576,000 after purchasing an additional 21,916 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Levi Strauss & Co. by 20.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 324,332 shares of the blue-jean maker’s stock valued at $6,413,000 after buying an additional 54,109 shares during the period. Finally, Sei Investments Co. increased its position in shares of Levi Strauss & Co. by 6.0% in the 1st quarter. Sei Investments Co. now owns 119,376 shares of the blue-jean maker’s stock valued at $2,359,000 after buying an additional 6,771 shares in the last quarter. Institutional investors own 18.76% of the company’s stock.
Insider Buying and Selling at Levi Strauss & Co.
In other news, insider Lisa Stirling sold 5,017 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $18.04, for a total value of $90,506.68. Following the sale, the insider now directly owns 28,485 shares of the company’s stock, valued at approximately $513,869.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.69% of the company’s stock.
Wall Street Analysts Forecast Growth
Levi Strauss & Co. Price Performance
Shares of NYSE LEVI opened at $16.10 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.71. The business has a 50-day moving average of $17.30 and a 200-day moving average of $16.48. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.92 and a beta of 1.18. Levi Strauss & Co. has a fifty-two week low of $13.57 and a fifty-two week high of $21.42.
Levi Strauss & Co. (NYSE:LEVI – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Levi Strauss & Co. had a return on equity of 33.62% and a net margin of 9.23%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue was down 5.7% compared to the same quarter last year. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.33 earnings per share for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 23rd. Shareholders of record on Wednesday, February 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.98%. The ex-dividend date was Tuesday, February 7th. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 34.04%.
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.
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