CORDA Investment Management LLC. Sells 26,842 Shares of Levi Strauss & Co. (NYSE:LEVI)

CORDA Investment Management LLC. lessened its position in Levi Strauss & Co. (NYSE:LEVI) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 677,062 shares of the blue-jean maker’s stock after selling 26,842 shares during the quarter. CORDA Investment Management LLC. owned 0.17% of Levi Strauss & Co. worth $14,760,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LEVI. 272 Capital LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $35,000. Quarry LP bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $56,000. Headlands Technologies LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $135,000. nVerses Capital LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $195,000. Finally, Susquehanna International Securities Ltd. bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $239,000. Institutional investors own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LEVI shares. TD Cowen decreased their price objective on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their price objective on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.75.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 25,002 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total value of $500,040.00. Following the transaction, the director now owns 229,176 shares of the company’s stock, valued at $4,583,520. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Levi Strauss & Co. news, Director David A. Friedman sold 25,002 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the sale, the director now owns 229,176 shares of the company’s stock, valued at approximately $4,583,520. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.15, for a total transaction of $79,778.90. Following the sale, the director now directly owns 154,178 shares in the company, valued at approximately $2,952,508.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.6 %

NYSE:LEVI opened at $17.19 on Monday. Levi Strauss & Co. has a one year low of $13.75 and a one year high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a market cap of $6.82 billion, a P/E ratio of 45.24, a P/E/G ratio of 1.07 and a beta of 1.18. The firm has a 50-day simple moving average of $19.22 and a 200-day simple moving average of $20.17.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, October 2nd. The blue-jean maker reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Levi Strauss & Co. had a net margin of 2.52% and a return on equity of 24.43%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Levi Strauss & Co. will post 1.23 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Tuesday, October 29th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, October 29th. Levi Strauss & Co.’s payout ratio is currently 136.85%.

Levi Strauss & Co. Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.