Geode Capital Management LLC Has $24.51 Million Holdings in Levi Strauss & Co. (NYSE:LEVI)

Geode Capital Management LLC increased its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,123,957 shares of the blue-jean maker’s stock after purchasing an additional 20,870 shares during the period. Geode Capital Management LLC’s holdings in Levi Strauss & Co. were worth $24,512,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in Levi Strauss & Co. during the second quarter valued at approximately $8,552,000. Davidson Kempner Capital Management LP acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at $3,219,000. Shellback Capital LP bought a new stake in Levi Strauss & Co. in the second quarter valued at $482,000. Aigen Investment Management LP bought a new stake in Levi Strauss & Co. in the third quarter valued at $1,673,000. Finally, Armistice Capital LLC acquired a new position in Levi Strauss & Co. during the second quarter worth $6,690,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus reduced their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $22.75.

Levi Strauss & Co. Price Performance

LEVI opened at $17.19 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76. The stock has a market capitalization of $6.82 billion, a P/E ratio of 45.24, a price-to-earnings-growth ratio of 0.95 and a beta of 1.18. The company’s 50 day simple moving average is $17.24 and its 200-day simple moving average is $18.80. Levi Strauss & Co. has a one year low of $14.87 and a one year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 24.43% and a net margin of 2.52%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Sell-side analysts anticipate that Levi Strauss & Co. will post 1.23 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a $0.52 annualized dividend and a yield of 3.03%. Levi Strauss & Co.’s dividend payout ratio is currently 136.85%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 8,332 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total transaction of $149,976.00. Following the completion of the sale, the director now owns 108,344 shares in the company, valued at approximately $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.14% of the company’s stock.

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.