Waycross Investment Management Co Sells 754 Shares of Levi Strauss & Co. (NYSE:LEVI)

Waycross Investment Management Co trimmed its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,441 shares of the blue-jean maker’s stock after selling 754 shares during the period. Waycross Investment Management Co’s holdings in Levi Strauss & Co. were worth $816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brandes Investment Partners LP lifted its position in shares of Levi Strauss & Co. by 1.8% in the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock valued at $824,000 after buying an additional 743 shares during the last quarter. California State Teachers Retirement System boosted its position in Levi Strauss & Co. by 1.0% during the first quarter. California State Teachers Retirement System now owns 85,129 shares of the blue-jean maker’s stock worth $1,702,000 after purchasing an additional 851 shares during the period. BTC Capital Management Inc. boosted its position in Levi Strauss & Co. by 11.6% during the second quarter. BTC Capital Management Inc. now owns 16,441 shares of the blue-jean maker’s stock worth $317,000 after purchasing an additional 1,715 shares during the period. 272 Capital LP acquired a new position in shares of Levi Strauss & Co. in the second quarter valued at $35,000. Finally, KBC Group NV raised its position in shares of Levi Strauss & Co. by 1.8% in the fourth quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock valued at $1,832,000 after purchasing an additional 1,917 shares during the period. 69.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on LEVI shares. OTR Global began coverage on shares of Levi Strauss & Co. in a research note on Friday, June 14th. They issued a “positive” rating on the stock. TD Cowen lowered their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America lifted their price target on Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Stifel Nicolaus decreased their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.75.

Insider Activity at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of the firm’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 sale, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director David A. Friedman sold 25,002 shares of the stock in a transaction on 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 transaction, the director now directly owns 229,176 shares in the company, valued at approximately $4,583,520. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was 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 $2,952,508.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,334 shares of company stock valued at $655,765 over the last ninety days. 3.14% of the stock is owned by corporate insiders.

Levi Strauss & Co. Price Performance

LEVI stock traded up $0.38 during midday trading on Friday, reaching $19.82. The company had a trading volume of 3,399,190 shares, compared to its average volume of 2,271,701. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $24.34. The stock has a 50 day moving average price of $19.19 and a 200-day moving average price of $20.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.42 and a quick ratio of 0.77. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of 56.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.34% and a return on equity of 23.21%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period last year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts expect that Levi Strauss & Co. will post 1.25 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Tuesday, October 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.62%. Levi Strauss & Co.’s dividend payout ratio is currently 148.57%.

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.