Man Group plc Has $2.82 Million Holdings in Levi Strauss & Co. (NYSE:LEVI)

Man Group plc lifted its holdings in Levi Strauss & Co. (NYSE:LEVI) by 42.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 162,897 shares of the blue-jean maker’s stock after acquiring an additional 48,761 shares during the period. Man Group plc’s holdings in Levi Strauss & Co. were worth $2,818,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LEVI. SG Americas Securities LLC grew its stake in Levi Strauss & Co. by 32.9% during the fourth quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock worth $209,000 after buying an additional 2,998 shares in the last quarter. KBC Group NV grew its stake in Levi Strauss & Co. by 0.8% during the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock worth $1,980,000 after buying an additional 892 shares in the last quarter. Hunter Perkins Capital Management LLC grew its stake in Levi Strauss & Co. by 93.8% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock worth $727,000 after buying an additional 20,335 shares in the last quarter. Twelve Points Wealth Management LLC grew its stake in Levi Strauss & Co. by 15.4% during the fourth quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock worth $989,000 after buying an additional 7,633 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Levi Strauss & Co. during the fourth quarter worth about $105,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Up 3.4%

Shares of NYSE LEVI opened at $17.91 on Friday. The company has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $16.89. The firm has a market cap of $7.09 billion, a PE ratio of 34.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Monday, April 7th. The blue-jean maker reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. On average, research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 24th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $0.52 dividend on an annualized basis and a yield of 2.90%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 58.43%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LEVI shares. Wells Fargo & Company increased their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 14th. Bank of America upgraded shares of Levi Strauss & Co. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $20.00 in a research note on Thursday, April 10th. UBS Group dropped their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Levi Strauss & Co. from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $19.00 to $17.00 in a report on Tuesday, April 8th. Finally, Telsey Advisory Group increased their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $20.45.

Levi Strauss & Co. 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.