CORDA Investment Management LLC. Has $12 Million Stake in Levi Strauss & Co. (NYSE:LEVI)

CORDA Investment Management LLC. increased its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 693,429 shares of the blue-jean maker’s stock after buying an additional 16,367 shares during the quarter. CORDA Investment Management LLC.’s holdings in Levi Strauss & Co. were worth $11,996,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LEVI. KBC Group NV increased its stake in Levi Strauss & Co. by 0.8% in the fourth quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after acquiring an additional 892 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at $27,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $39,000. SG Americas Securities LLC raised its holdings 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 worth $209,000 after buying an additional 2,998 shares in the last quarter. Finally, Matrix Trust Co lifted its position in shares of Levi Strauss & Co. by 678.9% during 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 last quarter. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Down 1.9 %

NYSE:LEVI opened at $17.44 on Friday. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 0.50. Levi Strauss & Co. has a 12 month low of $15.62 and a 12 month high of $24.34. The firm has a fifty day simple moving average of $17.92 and a two-hundred day simple moving average of $18.24. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.92 and a beta of 1.17.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results 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%. Analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th will be paid a $0.13 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a yield of 2.98%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

LEVI has been the topic of a number of recent analyst reports. UBS Group decreased their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. 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. Morgan Stanley cut their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Barclays decreased their target price on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Guggenheim increased their price target 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Insider Buying and Selling

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