Hunter Perkins Capital Management LLC Sells 6,400 Shares of Levi Strauss & Co. $LEVI

Hunter Perkins Capital Management LLC decreased its position in Levi Strauss & Co. (NYSE:LEVI) by 15.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,625 shares of the blue-jean maker’s stock after selling 6,400 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Levi Strauss & Co. were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after buying an additional 1,113 shares during the period. IFP Advisors Inc bought a new stake in Levi Strauss & Co. during the first quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after purchasing an additional 812 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Levi Strauss & Co. in the first quarter worth about $81,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Up 0.1%

LEVI stock opened at $24.41 on Monday. Levi Strauss & Co. has a 1-year low of $12.17 and a 1-year high of $24.82. The firm has a market cap of $9.66 billion, a P/E ratio of 23.93, a P/E/G ratio of 1.84 and a beta of 1.30. The business’s 50 day moving average is $21.78 and its 200-day moving average is $18.85. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $0.16 EPS. Levi Strauss & Co.’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Thursday, July 24th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 24th. This represents a $0.56 annualized dividend and a yield of 2.3%. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.13. Levi Strauss & Co.’s payout ratio is 54.90%.

Insider Transactions at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 201,150 shares of company stock worth $4,860,018. Company insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LEVI. Bank of America raised their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. UBS Group boosted their price objective on shares of Levi Strauss & Co. from $20.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Barclays upped their price objective on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, September 26th. JPMorgan Chase & Co. lifted their target price on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Levi Strauss & Co. in a research note on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.