Washington Capital Management Inc. Acquires 6,000 Shares of Levi Strauss & Co. (NYSE:LEVI)

Washington Capital Management Inc. raised its stake in shares of Levi Strauss & Co. (NYSE:LEVIFree Report) by 21.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,000 shares of the blue-jean maker’s stock after acquiring an additional 6,000 shares during the period. Washington Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new position in shares of Levi Strauss & Co. in the 4th quarter worth $105,000. Twelve Points Wealth Management LLC boosted its position in Levi Strauss & Co. by 15.4% in the fourth quarter. Twelve Points Wealth Management LLC now owns 57,147 shares of the blue-jean maker’s stock worth $989,000 after purchasing an additional 7,633 shares during the last quarter. Hunter Perkins Capital Management LLC boosted its position in Levi Strauss & Co. by 93.8% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 42,025 shares of the blue-jean maker’s stock worth $727,000 after purchasing an additional 20,335 shares during the last quarter. KBC Group NV grew its stake in shares of Levi Strauss & Co. by 0.8% during the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after purchasing an additional 892 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Levi Strauss & Co. by 32.9% during the 4th quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock valued at $209,000 after purchasing an additional 2,998 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Insider Buying and Selling at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the sale, the director now directly owns 104,178 shares of the company’s stock, valued at $1,875,204. This represents a 3.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.14% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LEVI shares. Morgan Stanley cut their target price on shares of Levi Strauss & Co. from $19.00 to $18.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Barclays assumed coverage on shares of Levi Strauss & Co. in a research report on Wednesday, January 8th. They set an “overweight” rating and a $24.00 price objective for the company. TD Cowen lowered their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Guggenheim reissued a “buy” rating and set a $23.00 price target on shares of Levi Strauss & Co. in a report on Friday, January 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $22.18.

Get Our Latest Analysis on Levi Strauss & Co.

Levi Strauss & Co. Stock Down 1.4 %

NYSE LEVI opened at $18.11 on Thursday. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market cap of $7.18 billion, a PE ratio of 47.65, a P/E/G ratio of 0.97 and a beta of 1.16. The stock’s 50 day moving average is $17.46 and its 200 day moving average is $18.17.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. Research analysts predict that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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