Levi Strauss & Co. (NYSE:LEVI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in Levi Strauss & Co. (NYSE:LEVI) by 19.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 946,998 shares of the blue-jean maker’s stock after acquiring an additional 152,590 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Levi Strauss & Co. were worth $16,383,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. FMR LLC lifted its position in Levi Strauss & Co. by 44.6% during the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after acquiring an additional 2,907,099 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Levi Strauss & Co. by 119.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock valued at $26,858,000 after purchasing an additional 840,251 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Levi Strauss & Co. by 59.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock worth $33,907,000 after purchasing an additional 579,460 shares in the last quarter. Algert Global LLC boosted its stake in shares of Levi Strauss & Co. by 282.1% in the third quarter. Algert Global LLC now owns 150,793 shares of the blue-jean maker’s stock valued at $3,287,000 after purchasing an additional 111,330 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new stake in Levi Strauss & Co. during the 3rd quarter valued at $2,328,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $15.76 on Friday. Levi Strauss & Co. has a 52 week low of $15.51 and a 52 week high of $24.34. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 30.32, a PEG ratio of 1.92 and a beta of 1.16. The stock has a 50 day moving average of $17.61 and a 200-day moving average of $17.98.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. As a group, analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the transaction, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Guggenheim boosted their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Barclays reduced their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company dropped their price objective on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Finally, UBS Group reduced their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.