Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. cut its stake in Levi Strauss & Co. (NYSE:LEVI) by 4.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 98,775 shares of the blue-jean maker’s stock after selling 4,452 shares during the period. Intrepid Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $1,709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. during the fourth quarter worth approximately $39,000. New Age Alpha Advisors LLC acquired a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $82,000. Matrix Trust Co raised its position in shares of Levi Strauss & Co. by 678.9% in the 4th quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares during the period. R Squared Ltd acquired a new position in Levi Strauss & Co. in the fourth quarter valued at $105,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings 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. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on LEVI. JPMorgan Chase & Co. dropped their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Guggenheim raised their price target on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Wells Fargo & Company reduced their price target on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Citigroup dropped their price objective on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Finally, UBS Group reduced their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Stock Up 4.9 %

Shares of Levi Strauss & Co. stock opened at $16.36 on Wednesday. Levi Strauss & Co. has a 1-year low of $15.42 and a 1-year high of $24.34. The company has a market capitalization of $6.47 billion, a PE ratio of 31.45, a P/E/G ratio of 1.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 0.80. The business has a 50-day moving average of $17.36 and a 200-day moving average of $17.78.

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

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 12th were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.52 annualized dividend and a yield of 3.18%. Levi Strauss & Co.’s dividend payout ratio is presently 100.00%.

Insider Activity at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total value of $76,821.04. Following the completion of the sale, the director now directly owns 100,012 shares of the company’s stock, valued at $1,844,221.28. The trade was a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.25% of the stock is currently owned by corporate insiders.

About Levi Strauss & Co.

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.