State of Wyoming Sells 794 Shares of Levi Strauss & Co. (NYSE:LEVI)

State of Wyoming reduced its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,643 shares of the blue-jean maker’s stock after selling 794 shares during the quarter. State of Wyoming’s holdings in Levi Strauss & Co. were worth $461,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $39,000. Point72 Hong Kong Ltd bought a new position in Levi Strauss & Co. in the fourth quarter valued at about $57,000. New Age Alpha Advisors LLC bought a new position in Levi Strauss & Co. in the fourth quarter valued at about $82,000. R Squared Ltd bought a new position in Levi Strauss & Co. in the fourth quarter valued at about $105,000. Finally, Deutsche Bank AG raised its position in Levi Strauss & Co. by 67.5% in the fourth quarter. Deutsche Bank AG now owns 6,090 shares of the blue-jean maker’s stock valued at $105,000 after purchasing an additional 2,454 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on LEVI. Citigroup dropped their target price on Levi Strauss & Co. from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. UBS Group dropped their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. Barclays dropped their target price on Levi Strauss & Co. from $22.00 to $18.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. upgraded Levi Strauss & Co. from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $19.00 to $17.00 in a research report on Tuesday, April 8th. Finally, Telsey Advisory Group increased their price target on Levi Strauss & Co. from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, May 15th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.82.

Levi Strauss & Co. Trading Down 0.5%

NYSE LEVI opened at $17.58 on Tuesday. The business has a 50 day simple moving average of $15.73 and a 200 day simple moving average of $16.88. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.34. The stock has a market capitalization of $6.96 billion, a P/E ratio of 33.81, a P/E/G ratio of 1.92 and a beta of 1.14. 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 released its earnings results on Monday, April 7th. The blue-jean maker reported $0.38 EPS for the quarter, topping the consensus estimate of $0.28 by $0.10. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $0.26 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, April 24th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, April 24th. This represents a $0.52 annualized dividend and a yield of 2.96%. Levi Strauss & Co.’s dividend payout ratio is currently 58.43%.

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.