Fox Run Management L.L.C. Makes New Investment in Levi Strauss & Co. (NYSE:LEVI)

Fox Run Management L.L.C. acquired a new stake in shares of Levi Strauss & Co. (NYSE:LEVI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,959 shares of the blue-jean maker’s stock, valued at approximately $311,000.

Several other hedge funds also recently added to or reduced their stakes in LEVI. FMR LLC lifted its position in shares of Levi Strauss & Co. by 44.6% during the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after purchasing an additional 2,907,099 shares during the last quarter. American Century Companies Inc. raised its stake in Levi Strauss & Co. by 15.8% during the fourth quarter. American Century Companies Inc. now owns 1,608,253 shares of the blue-jean maker’s stock valued at $27,823,000 after buying an additional 219,546 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in 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 worth $33,907,000 after buying an additional 579,460 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Levi Strauss & Co. by 119.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock valued at $26,858,000 after acquiring an additional 840,251 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Levi Strauss & Co. by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker’s stock valued at $26,816,000 after acquiring an additional 20,426 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. UBS Group dropped their price target on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. Telsey Advisory Group reduced their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Citigroup dropped their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company reduced their price target on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the sale, the director now directly owns 100,012 shares of the company’s stock, valued at $1,844,221.28. This represents a 4.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.14% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Stock Down 0.3 %

LEVI opened at $15.99 on Friday. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 30.74, a PEG ratio of 1.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The firm’s 50-day simple moving average is $17.45 and its 200-day simple moving average is $17.87. Levi Strauss & Co. has a twelve month low of $15.45 and a twelve month high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping 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%. Equities research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th were paid a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 3.25%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 100.00%.

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.