Levi Strauss & Co. (NYSE:LEVI) Director Christopher J. Mccormick Buys 500 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) Director Christopher J. Mccormick acquired 500 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was purchased at an average cost of $22.11 per share, with a total value of $11,055.00. Following the transaction, the director now owns 500 shares in the company, valued at $11,055. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $22.17 on Tuesday. The firm has a 50 day moving average of $19.70 and a 200-day moving average of $17.19. The stock has a market capitalization of $8.82 billion, a PE ratio of 71.52, a PEG ratio of 1.26 and a beta of 1.19. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $22.39.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The business’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS. On average, equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, May 8th. Levi Strauss & Co.’s payout ratio is presently 154.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LEVI. Morgan Stanley raised their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, April 5th. Stifel Nicolaus raised their target price on shares of Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. TD Cowen lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. TheStreet upgraded shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Finally, Wells Fargo & Company lifted their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average target price of $20.56.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in LEVI. Cutter & CO Brokerage Inc. grew its holdings in shares of Levi Strauss & Co. by 4.9% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 17,000 shares of the blue-jean maker’s stock valued at $231,000 after purchasing an additional 800 shares during the last quarter. Strategic Advisors LLC grew its holdings in shares of Levi Strauss & Co. by 7.0% during the 4th quarter. Strategic Advisors LLC now owns 19,900 shares of the blue-jean maker’s stock valued at $329,000 after purchasing an additional 1,300 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Levi Strauss & Co. by 6.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,297 shares of the blue-jean maker’s stock valued at $352,000 after purchasing an additional 1,319 shares during the last quarter. Manchester Capital Management LLC lifted its stake in shares of Levi Strauss & Co. by 21.5% in the 3rd quarter. Manchester Capital Management LLC now owns 9,541 shares of the blue-jean maker’s stock valued at $130,000 after acquiring an additional 1,690 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Levi Strauss & Co. by 1.8% during the 4th quarter. KBC Group NV now owns 110,756 shares of the blue-jean maker’s stock valued at $1,832,000 after acquiring an additional 1,917 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Levi Strauss & Co.

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.