25,000 Shares in Levi Strauss & Co. (NYSE:LEVI) Bought by Shellback Capital LP

Shellback Capital LP purchased a new stake in Levi Strauss & Co. (NYSE:LEVI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 25,000 shares of the blue-jean maker’s stock, valued at approximately $482,000.

A number of other hedge funds also recently made changes to their positions in the business. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. during the 2nd quarter valued at about $35,000. Headlands Technologies LLC acquired a new position in Levi Strauss & Co. in the second quarter worth about $135,000. nVerses Capital LLC acquired a new position in Levi Strauss & Co. in the second quarter worth about $195,000. Dark Forest Capital Management LP bought a new position in Levi Strauss & Co. during the second quarter worth about $265,000. Finally, Magnetar Financial LLC acquired a new stake in Levi Strauss & Co. during the second quarter valued at approximately $281,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.9 %

Shares of NYSE LEVI opened at $21.65 on Friday. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The company has a 50-day moving average of $18.90 and a two-hundred day moving average of $20.26. The company has a market cap of $8.60 billion, a PE ratio of 61.84, a P/E/G ratio of 1.19 and a beta of 1.14. 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. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, June 26th. The blue-jean maker reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. Levi Strauss & Co.’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, equities analysts expect that Levi Strauss & Co. will post 1.25 earnings per share for the current fiscal year.

Insider Activity

In other Levi Strauss & Co. 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 transaction 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $19.37, for a total transaction of $80,695.42. Following the sale, the director now owns 162,510 shares of the company’s stock, valued at approximately $3,147,818.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,500 shares of company stock valued at $736,461. Company insiders own 3.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on LEVI shares. 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. Bank of America increased their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, June 27th. OTR Global initiated coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They issued a “positive” rating on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Friday. Finally, TD Cowen cut their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Friday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.