Corbyn Investment Management Inc. MD Has $6.38 Million Holdings in Levi Strauss & Co. (NYSE:LEVI)

Corbyn Investment Management Inc. MD trimmed its holdings in Levi Strauss & Co. (NYSE:LEVI) by 2.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 385,405 shares of the blue-jean maker’s stock after selling 8,036 shares during the period. Levi Strauss & Co. comprises approximately 3.0% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 9th largest holding. Corbyn Investment Management Inc. MD’s holdings in Levi Strauss & Co. were worth $6,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Levi Strauss & Co. by 43.9% during the 3rd quarter. International Assets Investment Management LLC now owns 27,800 shares of the blue-jean maker’s stock worth $367,000 after purchasing an additional 8,477 shares during the last quarter. Everett Harris & Co. CA acquired a new stake in Levi Strauss & Co. during the 3rd quarter worth about $204,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Levi Strauss & Co. by 43.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,978 shares of the blue-jean maker’s stock valued at $271,000 after acquiring an additional 6,018 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Levi Strauss & Co. by 25.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,327,756 shares of the blue-jean maker’s stock valued at $18,031,000 after purchasing an additional 267,760 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. raised its position in shares of Levi Strauss & Co. by 4.9% in the third quarter. Cutter & CO Brokerage Inc. now owns 17,000 shares of the blue-jean maker’s stock worth $231,000 after acquiring an additional 800 shares during the period. 69.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 85,985 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $22.06, for a total transaction of $1,896,829.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Bradley J. Haas sold 85,985 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $22.06, for a total transaction of $1,896,829.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Margaret E. Haas sold 32,398 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $18.03, for a total value of $584,135.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 254,712 shares of company stock valued at $5,171,845. 3.14% of the stock is owned by company insiders.

Levi Strauss & Co. Stock Up 0.8 %

NYSE LEVI traded up $0.16 during trading hours on Friday, hitting $21.25. 770,128 shares of the company were exchanged, compared to its average volume of 2,586,129. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 68.05, a PEG ratio of 1.24 and a beta of 1.22. The company has a 50 day moving average of $19.19 and a two-hundred day moving average of $16.79. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $22.39.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the business posted $0.34 EPS. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. Equities research analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, May 8th. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 154.84%.

Analyst Ratings Changes

LEVI has been the topic of a number of research reports. Morgan Stanley raised their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a report on Friday, April 5th. Wells Fargo & Company boosted their price target on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. TheStreet upgraded Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. increased their price target on Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, Stifel Nicolaus boosted their price objective on Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.56.

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.