Levi Strauss & Co. $LEVI Shares Purchased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. boosted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 32.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 188,718 shares of the blue-jean maker’s stock after buying an additional 46,283 shares during the quarter. Levi Strauss & Co. accounts for about 1.6% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 26th largest holding. Savoir Faire Capital Management L.P.’s holdings in Levi Strauss & Co. were worth $4,397,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Levi Strauss & Co. by 181.6% during the first quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock worth $2,364,000 after purchasing an additional 97,800 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Levi Strauss & Co. during the 1st quarter worth about $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after buying an additional 1,879 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of Levi Strauss & Co. in the 1st quarter valued at about $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Levi Strauss & Co. by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock valued at $24,908,000 after buying an additional 52,332 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LEVI shares. Wall Street Zen upgraded Levi Strauss & Co. from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. lifted their target price on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, October 10th. UBS Group raised their price target on shares of Levi Strauss & Co. from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, January 21st. Finally, Bank of America upped their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.46.

Levi Strauss & Co. Stock Down 1.4%

Shares of LEVI opened at $21.25 on Monday. The stock has a 50 day moving average price of $21.44 and a 200 day moving average price of $21.50. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.43 and a beta of 1.33.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.