Shapiro Capital Management LLC Has $270,000 Position in Levi Strauss & Co. (NYSE:LEVI)

Shapiro Capital Management LLC trimmed its stake in Levi Strauss & Co. (NYSE:LEVI) by 17.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the blue-jean maker’s stock after selling 3,000 shares during the quarter. Shapiro Capital Management LLC’s holdings in Levi Strauss & Co. were worth $270,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $35,000. Headlands Technologies LLC bought a new position in Levi Strauss & Co. in the second quarter worth approximately $135,000. nVerses Capital LLC acquired a new stake in Levi Strauss & Co. in the second quarter valued at approximately $195,000. Isthmus Partners LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $270,000. Finally, Magnetar Financial LLC acquired a new position in shares of Levi Strauss & Co. during the second quarter worth approximately $281,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, June 27th. OTR Global assumed coverage on shares of Levi Strauss & Co. in a report on Friday, June 14th. They issued a “positive” rating on the stock. TD Cowen lifted their price target on Levi Strauss & Co. from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus increased their price objective on Levi Strauss & Co. from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Bank of America lifted their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $23.38.

Insider Buying and Selling

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the transaction, the director now directly owns 158,344 shares of the company’s stock, valued at $2,886,611.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the sale, the director now owns 229,176 shares of the company’s stock, valued at $4,583,520. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the sale, the director now owns 158,344 shares in the company, valued at $2,886,611.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,500 shares of company stock valued at $736,461. 3.14% of the stock is owned by company insiders.

Levi Strauss & Co. Stock Performance

Shares of Levi Strauss & Co. stock opened at $20.42 on Tuesday. The business’s fifty day simple moving average is $18.69 and its 200 day simple moving average is $20.21. The company has a current ratio of 1.42, a quick ratio of 0.77 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $24.34. The firm has a market capitalization of $8.12 billion, a P/E ratio of 58.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.04 EPS. As a group, analysts anticipate that Levi Strauss & Co. will post 1.25 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.13 per share. The ex-dividend date was Friday, August 2nd. This represents a $0.52 annualized dividend and a dividend yield of 2.55%. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.12. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 148.57%.

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.