Levi Strauss & Co. (NYSE:LEVI) Shares Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp raised its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 22.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,942 shares of the blue-jean maker’s stock after buying an additional 24,536 shares during the quarter. Alberta Investment Management Corp’s holdings in Levi Strauss & Co. were worth $2,300,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of LEVI. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Levi Strauss & Co. during the fourth quarter valued at $39,000. Matrix Trust Co raised its holdings in shares of Levi Strauss & Co. by 678.9% during the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after purchasing an additional 4,800 shares during the period. R Squared Ltd bought a new position in shares of Levi Strauss & Co. in the 4th quarter worth about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Levi Strauss & Co. by 2,904.1% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after buying an additional 4,966 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Insider Activity

In other news, Director David A. Friedman sold 8,332 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $18.00, for a total value of $149,976.00. Following the transaction, the director now owns 108,344 shares of the company’s stock, valued at $1,950,192. The trade was a 7.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 16,664 shares of company stock worth $301,785. 3.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup lowered 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. UBS Group lowered their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company cut their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Telsey Advisory Group lowered their price objective on Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Finally, Guggenheim raised their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $18.69 on Friday. The company has a 50-day simple moving average of $17.82 and a 200 day simple moving average of $18.21. The company has a market capitalization of $7.40 billion, a P/E ratio of 35.93, a PEG ratio of 1.86 and a beta of 1.17. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34.

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

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Wednesday, February 12th. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 100.00%.

Levi Strauss & Co. Company 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.