BancFirst Trust & Investment Management Lowers Stock Holdings in Levi Strauss & Co. $LEVI

BancFirst Trust & Investment Management reduced its stake in Levi Strauss & Co. (NYSE:LEVI) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,830 shares of the blue-jean maker’s stock after selling 3,000 shares during the period. Levi Strauss & Co. makes up approximately 1.5% of BancFirst Trust & Investment Management’s holdings, making the stock its 8th largest holding. BancFirst Trust & Investment Management’s holdings in Levi Strauss & Co. were worth $3,221,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Teacher Retirement System of Texas grew its position in Levi Strauss & Co. by 87.6% during the 1st quarter. Teacher Retirement System of Texas now owns 53,967 shares of the blue-jean maker’s stock worth $841,000 after acquiring an additional 25,197 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Levi Strauss & Co. during the 1st quarter worth approximately $402,000. SG Americas Securities LLC grew its position in Levi Strauss & Co. by 143.6% during the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker’s stock worth $460,000 after acquiring an additional 17,376 shares during the last quarter. Nuveen LLC bought a new position in Levi Strauss & Co. in the 1st quarter valued at $3,259,000. Finally, Two Sigma Investments LP boosted its position in Levi Strauss & Co. by 511.8% in the 4th quarter. Two Sigma Investments LP now owns 127,046 shares of the blue-jean maker’s stock valued at $2,198,000 after buying an additional 106,281 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group increased their price objective on Levi Strauss & Co. from $20.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Stifel Nicolaus increased their price objective on Levi Strauss & Co. from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Wells Fargo & Company increased their price objective on Levi Strauss & Co. from $22.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Citigroup increased their price objective on Levi Strauss & Co. from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, July 11th. Finally, Morgan Stanley increased their price objective on Levi Strauss & Co. from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $23.45.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $21.93 on Friday. The business’s fifty day moving average is $21.00 and its 200-day moving average is $18.12. The company has a quick ratio of 0.85, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $8.68 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.78 and a beta of 1.25. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $22.83.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.37 billion. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. Equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 24th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 24th. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.13. Levi Strauss & Co.’s dividend payout ratio (DPR) is 54.90%.

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.