Intrepid Capital Management Inc. grew its stake in shares of Levi Strauss & Co. (NYSE:LEVI – Free Report) by 164.2% in the third quarter, HoldingsChannel reports. The fund owned 103,227 shares of the blue-jean maker’s stock after buying an additional 64,156 shares during the quarter. Levi Strauss & Co. makes up about 1.2% of Intrepid Capital Management Inc.’s portfolio, making the stock its 24th largest position. Intrepid Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $2,250,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC grew its holdings in Levi Strauss & Co. by 44.6% in the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after purchasing an additional 2,907,099 shares during the period. Marshall Wace LLP boosted its holdings in shares of Levi Strauss & Co. by 21.5% in the 2nd quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after purchasing an additional 756,926 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Levi Strauss & Co. by 2,083.0% in the 2nd quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after purchasing an additional 1,835,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Levi Strauss & Co. by 59.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock valued at $33,907,000 after buying an additional 579,460 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after buying an additional 1,365,574 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. TD Cowen reduced their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $22.75.
Levi Strauss & Co. Stock Down 0.1 %
Levi Strauss & Co. stock traded down $0.01 during midday trading on Tuesday, hitting $18.17. 161,249 shares of the company were exchanged, compared to its average volume of 2,230,677. The company has a market cap of $7.21 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.09 and a beta of 1.18. Levi Strauss & Co. has a fifty-two week low of $14.70 and a fifty-two week high of $24.34. The company’s fifty day moving average price is $18.15 and its 200-day moving average price is $19.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.41 and a quick ratio of 0.76.
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last posted its earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. On average, research analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Tuesday, October 29th were given a $0.13 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.52 dividend on an annualized basis and a yield of 2.86%. Levi Strauss & Co.’s payout ratio is currently 136.85%.
Insider Activity
In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now directly owns 229,176 shares of the company’s stock, valued at $4,583,520. This represents a 9.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.14% of the company’s stock.
About Levi Strauss & Co.
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.
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