90,473 Shares in Levi Strauss & Co. $LEVI Purchased by Hsbc Holdings PLC

by · The Markets Daily

Hsbc Holdings PLC bought a new position in Levi Strauss & Co. (NYSE:LEVIFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 90,473 shares of the blue-jean maker’s stock, valued at approximately $1,887,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at about $26,000. US Bancorp DE raised its holdings in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares during the period. Kestra Advisory Services LLC bought a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LEVI shares. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. BTIG Research reissued a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. TD Cowen reissued a “buy” rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.93.

Get Our Latest Stock Report on LEVI

Levi Strauss & Co. Stock Down 0.5%

NYSE LEVI opened at $24.42 on Tuesday. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $24.92. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $9.39 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The stock’s 50-day moving average price is $22.81 and its 200-day moving average price is $21.48.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last announced its quarterly earnings data on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The firm’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 EPS. On average, equities research analysts predict that Levi Strauss & Co. will post 1.5 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, April 22nd. Levi Strauss & Co.’s dividend payout ratio is presently 35.67%.

Insiders Place Their Bets

In other news, EVP Karyn Hillman sold 38,938 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total value of $892,069.58. Following the completion of the sale, the executive vice president directly owned 91,522 shares of the company’s stock, valued at $2,096,769.02. This represents a 29.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Robert D. Haas sold 488,851 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction of $11,786,197.61. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,468,570 shares of company stock valued at $34,136,152. Insiders own 1.08% of the company’s stock.

About Levi Strauss & Co.

(Free Report)

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.

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