Versor Investments LP Sells 45,800 Shares of Levi Strauss & Co. (NYSE:LEVI)

Versor Investments LP trimmed its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 60.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,800 shares of the blue-jean maker’s stock after selling 45,800 shares during the period. Versor Investments LP’s holdings in Levi Strauss & Co. were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new stake in Levi Strauss & Co. during the third quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Levi Strauss & Co. in the 4th quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after purchasing an additional 4,966 shares during the period. Matrix Trust Co increased its position in shares of Levi Strauss & Co. by 678.9% during the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after purchasing an additional 4,800 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in Levi Strauss & Co. during the 4th quarter valued at $105,000. 69.14% of the stock is currently owned by institutional investors.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value 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. This represents a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 16,664 shares of company stock valued at $301,785 in the last ninety days. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $17.98 on Friday. Levi Strauss & Co. has a 52-week low of $15.62 and a 52-week high of $24.34. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.12 billion, a PE ratio of 34.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The business has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $18.24.

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 the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, equities analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were given a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.89%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

A number of research firms recently commented on LEVI. UBS Group dropped their price target 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 Monday, February 3rd. JPMorgan Chase & Co. dropped their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Citigroup cut their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Morgan Stanley decreased their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Telsey Advisory Group cut their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Levi Strauss & Co. currently has a consensus 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.