Versor Investments LP Has $1.80 Million Stock Holdings in Levi Strauss & Co. $LEVI

Versor Investments LP lifted its stake in Levi Strauss & Co. (NYSE:LEVI) by 77.6% during the fourth quarter, HoldingsChannel reports. The fund owned 86,992 shares of the blue-jean maker’s stock after purchasing an additional 38,000 shares during the quarter. Versor Investments LP’s holdings in Levi Strauss & Co. were worth $1,804,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in Levi Strauss & Co. by 2,268.2% in the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock worth $5,566,000 after purchasing an additional 228,796 shares in the last quarter. Truist Financial Corp bought a new stake in Levi Strauss & Co. in the third quarter worth $2,478,000. Vanguard Group Inc. boosted its holdings in Levi Strauss & Co. by 3.2% in the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after purchasing an additional 277,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Levi Strauss & Co. by 46.3% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 238,828 shares of the blue-jean maker’s stock worth $5,565,000 after purchasing an additional 75,623 shares in the last quarter. Finally, GW&K Investment Management LLC bought a new stake in Levi Strauss & Co. in the third quarter worth $39,322,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Down 3.5%

LEVI stock opened at $21.87 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97. Levi Strauss & Co. has a 52-week low of $16.50 and a 52-week high of $24.82. The company has a 50-day moving average of $20.59 and a two-hundred day moving average of $21.04. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 13.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $0.38 earnings per share. The business’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Levi Strauss & Co. will post 1.5 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, April 22nd. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 35.67%.

Insider Activity at Levi Strauss & Co.

In related news, EVP Jason Gowans sold 40,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $21.83, for a total value of $873,200.00. Following the completion of the sale, the executive vice president owned 92,199 shares in the company, valued at approximately $2,012,704.17. This trade represents a 30.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Harmit J. Singh sold 121,767 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $23.52, for a total transaction of $2,863,959.84. Following the completion of the sale, the executive vice president owned 148,757 shares of the company’s stock, valued at approximately $3,498,764.64. The trade was a 45.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 310,705 shares of company stock worth $7,159,229. Company insiders own 1.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LEVI. Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a report on Monday, May 4th. Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Finally, Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price objective for the company. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $26.69.

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.