Oppenheimer & Co. Inc. Has $1.44 Million Position in Levi Strauss & Co. (NYSE:LEVI)

Oppenheimer & Co. Inc. lowered its stake in Levi Strauss & Co. (NYSE:LEVI) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 83,311 shares of the blue-jean maker’s stock after selling 4,450 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Levi Strauss & Co. were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LEVI. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the third quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Levi Strauss & Co. in the fourth quarter valued at approximately $39,000. Matrix Trust Co boosted its stake in Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock valued at $95,000 after acquiring an additional 4,800 shares during the last quarter. R Squared Ltd bought a new position in Levi Strauss & Co. in the fourth quarter valued at approximately $105,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after acquiring an additional 4,966 shares during the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LEVI. Morgan Stanley reduced their price objective on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Wells Fargo & Company reduced their price objective on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Guggenheim raised their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Citigroup reduced their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Five investment analysts have rated the stock with a hold rating and seven 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 $21.27.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total value of $76,821.04. Following the sale, the director now directly owns 100,012 shares in the company, valued at approximately $1,844,221.28. The trade was a 4.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.14% of the stock is currently owned by insiders.

Levi Strauss & Co. Trading Down 4.2 %

LEVI opened at $17.22 on Tuesday. The stock has a market capitalization of $6.82 billion, a P/E ratio of 33.12, a P/E/G ratio of 1.92 and a beta of 1.17. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34. The firm’s fifty day simple moving average is $17.95 and its 200 day simple moving average is $18.24. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. As a group, research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were given a $0.13 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 3.02%. Levi Strauss & Co.’s dividend payout ratio 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.