Allspring Global Investments Holdings LLC boosted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI – Free Report) by 141.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,059,996 shares of the blue-jean maker’s stock after acquiring an additional 621,653 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.27% of Levi Strauss & Co. worth $15,296,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp raised its position in Levi Strauss & Co. by 16.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,536 shares of the blue-jean maker’s stock valued at $101,000 after acquiring an additional 765 shares in the last quarter. Deutsche Bank AG grew its holdings in Levi Strauss & Co. by 30.6% during the first quarter. Deutsche Bank AG now owns 3,636 shares of the blue-jean maker’s stock valued at $66,000 after purchasing an additional 851 shares during the last quarter. BancFirst Trust & Investment Management grew its holdings in Levi Strauss & Co. by 0.5% during the first quarter. BancFirst Trust & Investment Management now owns 176,864 shares of the blue-jean maker’s stock valued at $3,182,000 after purchasing an additional 884 shares during the last quarter. SG Americas Securities LLC grew its holdings in Levi Strauss & Co. by 1.7% during the second quarter. SG Americas Securities LLC now owns 54,118 shares of the blue-jean maker’s stock valued at $781,000 after purchasing an additional 926 shares during the last quarter. Finally, Advisor Group Holdings Inc. grew its holdings in Levi Strauss & Co. by 2.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 34,037 shares of the blue-jean maker’s stock valued at $528,000 after purchasing an additional 941 shares during the last quarter. Institutional investors own 19.01% of the company’s stock.
Levi Strauss & Co. Price Performance
Levi Strauss & Co. stock opened at $13.20 on Wednesday. The firm has a market capitalization of $5.24 billion, a P/E ratio of 12.00, a PEG ratio of 0.55 and a beta of 1.17. Levi Strauss & Co. has a 1 year low of $12.78 and a 1 year high of $19.35. The business has a 50-day moving average of $13.97 and a 200-day moving average of $14.40. The company has a current ratio of 1.41, a quick ratio of 0.68 and a debt-to-equity ratio of 0.52.
Levi Strauss & Co. Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Friday, August 4th were given a $0.12 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.64%. Levi Strauss & Co.’s dividend payout ratio is presently 43.64%.
Analyst Ratings Changes
Several equities analysts have commented on the company. Citigroup lowered their price target on Levi Strauss & Co. from $15.00 to $14.00 in a report on Friday, July 7th. Stifel Nicolaus lowered their price objective on shares of Levi Strauss & Co. from $19.00 to $17.00 in a research note on Friday, July 7th. Telsey Advisory Group restated an “outperform” rating and issued a $18.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, July 27th. Bank of America lowered their price objective on shares of Levi Strauss & Co. from $16.00 to $14.00 in a research note on Friday, July 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Levi Strauss & Co. from $18.00 to $15.00 in a research note on Friday, July 7th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $16.82.
Check Out Our Latest Stock Report on LEVI
About Levi Strauss & Co.
Levi Strauss & Co engages in the design, marketing, and sale of apparels and related accessories for men, women, and children in the Americas, Europe, and Asia. It offers jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related products under the Levi's, Dockers, Beyond Yoga, Signature by Levi Strauss & Co, and Denizen brands.
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