Jensen Investment Management Inc. Has $4.38 Million Stake in Levi Strauss & Co. (NYSE:LEVI)

Jensen Investment Management Inc. boosted its stake in Levi Strauss & Co. (NYSE:LEVI) by 36.1% in the third quarter, HoldingsChannel.com reports. The firm owned 200,970 shares of the blue-jean maker’s stock after buying an additional 53,340 shares during the period. Jensen Investment Management Inc.’s holdings in Levi Strauss & Co. were worth $4,381,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LEVI. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. during the 3rd quarter worth about $27,000. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $56,000. Headlands Technologies LLC acquired a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $135,000. Finally, nVerses Capital LLC bought a new position in Levi Strauss & Co. in the 2nd quarter valued at about $195,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Price Performance

Shares of LEVI traded down $0.14 during mid-day trading on Friday, reaching $16.93. 1,628,244 shares of the stock traded hands, compared to its average volume of 2,044,085. The firm has a fifty day moving average price of $19.01 and a 200 day moving average price of $20.03. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 44.55, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1 year low of $13.86 and a 1 year high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, October 2nd. The blue-jean maker reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $0.28 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.23 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s dividend payout ratio is currently 136.84%.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the sale, the director now directly owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction of $79,778.90. Following the completion of the sale, the director now directly owns 154,178 shares of the company’s stock, valued at $2,952,508.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on LEVI. TD Cowen dropped their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Stifel Nicolaus lowered their price target on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Levi Strauss & Co. 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.