Brandes Investment Partners LP Buys 743 Shares of Levi Strauss & Co. (NYSE:LEVI)

Brandes Investment Partners LP increased its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,745 shares of the blue-jean maker’s stock after purchasing an additional 743 shares during the quarter. Brandes Investment Partners LP’s holdings in Levi Strauss & Co. were worth $824,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LEVI. Dimensional Fund Advisors LP increased its holdings in Levi Strauss & Co. by 20.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,432,143 shares of the blue-jean maker’s stock worth $23,688,000 after purchasing an additional 242,882 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in Levi Strauss & Co. by 158.3% in the 4th quarter. Allianz Asset Management GmbH now owns 155,000 shares of the blue-jean maker’s stock valued at $2,564,000 after buying an additional 95,000 shares during the last quarter. KBC Group NV raised its holdings in Levi Strauss & Co. by 1.8% in the 4th quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock valued at $1,832,000 after buying an additional 1,917 shares during the last quarter. Capital Research Global Investors boosted its position in Levi Strauss & Co. by 17.8% during the 4th quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock worth $109,584,000 after buying an additional 1,000,000 shares during the period. Finally, Seven Eight Capital LP bought a new stake in Levi Strauss & Co. during the 4th quarter worth approximately $1,361,000. Institutional investors own 69.14% of the company’s stock.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the sale, the director now owns 154,178 shares in the company, valued at approximately $2,952,508.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.15, for a total value of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares of the company’s stock, valued at approximately $2,952,508.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 25,002 shares of the company’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 completion of the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,334 shares of company stock valued at $655,765. 3.14% of the stock is owned by company insiders.

Levi Strauss & Co. Stock Up 0.7 %

Shares of NYSE LEVI opened at $21.80 on Tuesday. 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 firm has a market cap of $8.67 billion, a PE ratio of 62.29, a P/E/G ratio of 1.19 and a beta of 1.14. The company’s fifty day simple moving average is $18.97 and its 200 day simple moving average is $20.31. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $24.34.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a report on Friday. Bank of America lifted their target price on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. decreased 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. TD Cowen cut their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Stifel Nicolaus increased their target price on shares of Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Four 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.25.

About Levi Strauss & Co.

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.