Susquehanna International Securities Ltd. Buys New Shares in Levi Strauss & Co. (NYSE:LEVI)

Susquehanna International Securities Ltd. purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,377 shares of the blue-jean maker’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 272 Capital LP bought a new position in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $35,000. Headlands Technologies LLC bought a new position in Levi Strauss & Co. during the second quarter worth $135,000. nVerses Capital LLC acquired a new position in shares of Levi Strauss & Co. in the second quarter valued at $195,000. Dark Forest Capital Management LP acquired a new position in shares of Levi Strauss & Co. in the second quarter valued at $265,000. Finally, Magnetar Financial LLC bought a new position in shares of Levi Strauss & Co. in the second quarter valued at about $281,000. 69.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LEVI. OTR Global assumed coverage on shares of Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating on the stock. Stifel Nicolaus upped their target price on Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Telsey Advisory Group reissued an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Friday. JPMorgan Chase & Co. reduced their price target on Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Finally, Bank of America increased their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.25.

Insider Activity

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

Levi Strauss & Co. Trading Up 0.9 %

NYSE LEVI opened at $21.65 on Friday. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 61.84, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $24.34. The company has a quick ratio of 0.77, a current ratio of 1.42 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average is $18.90 and its 200 day moving average is $20.26.

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

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.