Washington Capital Management Inc. Acquires 5,300 Shares of Levi Strauss & Co. $LEVI

Washington Capital Management Inc. lifted its position in Levi Strauss & Co. (NYSE:LEVI) by 15.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,300 shares of the blue-jean maker’s stock after purchasing an additional 5,300 shares during the quarter. Washington Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $727,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock worth $34,000 after purchasing an additional 1,113 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Levi Strauss & Co. in the first quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock worth $49,000 after purchasing an additional 812 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Levi Strauss & Co. in the first quarter worth about $81,000. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Stock Up 1.1%

Shares of NYSE:LEVI opened at $23.06 on Monday. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $23.60. The business has a 50 day simple moving average of $21.46 and a two-hundred day simple moving average of $18.57. The firm has a market capitalization of $9.12 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Thursday, July 10th. The blue-jean maker reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Thursday, July 24th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.13. The ex-dividend date was Thursday, July 24th. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 54.90%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $18.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Morgan Stanley boosted their price objective on Levi Strauss & Co. from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Needham & Company LLC began coverage on Levi Strauss & Co. in a research note on Thursday. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Telsey Advisory Group boosted their price objective on Levi Strauss & Co. from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, July 11th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $24.00.

Levi Strauss & Co. 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.