Levi Strauss & Co. (NYSE:LEVI) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Levi Strauss & Co. (NYSE:LEVI) by 119.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,541,784 shares of the blue-jean maker’s stock after acquiring an additional 840,251 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Levi Strauss & Co. were worth $26,858,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. KBC Group NV lifted its holdings in Levi Strauss & Co. by 0.8% in the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after purchasing an additional 892 shares in the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the third quarter valued at about $27,000. nVerses Capital LLC lifted its stake in shares of Levi Strauss & Co. by 17.8% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock worth $259,000 after buying an additional 1,800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Levi Strauss & Co. during the fourth quarter worth about $39,000. Finally, SG Americas Securities LLC boosted its position in Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock worth $209,000 after acquiring an additional 2,998 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the sale, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 16,664 shares of company stock worth $301,785 over the last ninety days. Company insiders own 3.14% of the company’s stock.

Wall Street Analyst Weigh In

LEVI has been the subject of a number of recent research reports. Guggenheim increased their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Barclays reduced their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Telsey Advisory Group dropped their target price on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, UBS Group lowered their price target on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Levi Strauss & Co. Trading Up 0.5 %

NYSE LEVI opened at $18.32 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The stock has a market capitalization of $7.25 billion, a P/E ratio of 35.22, a PEG ratio of 1.96 and a beta of 1.17. The firm’s 50-day moving average is $17.75 and its two-hundred day moving average is $18.20. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 2.84%. Levi Strauss & Co.’s dividend payout ratio is currently 100.00%.

About Levi Strauss & Co.

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.