16,063 Shares in Levi Strauss & Co. (NYSE:LEVI) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,063 shares of the blue-jean maker’s stock, valued at approximately $278,000.

Several other large investors have also recently added to or reduced their stakes in LEVI. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. during the fourth quarter worth about $39,000. Matrix Trust Co lifted its position in Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares during the period. R Squared Ltd purchased a new position in Levi Strauss & Co. during the fourth quarter worth about $105,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after buying an additional 4,966 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in Levi Strauss & Co. during the fourth quarter worth about $115,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $15.79 on Wednesday. Levi Strauss & Co. has a fifty-two week low of $15.51 and a fifty-two week high of $24.34. The business has a 50 day moving average price of $17.68 and a two-hundred day moving average price of $18.00. 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 firm has a market cap of $6.25 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Sell-side analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a yield of 3.29%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the transaction, the director now owns 100,012 shares of the company’s stock, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Telsey Advisory Group dropped their price target on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Morgan Stanley dropped 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. Barclays dropped their price target on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. dropped their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Finally, Guggenheim upped their price target on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.