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

CORDA Investment Management LLC. grew its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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. owned approximately 0.17% of Levi Strauss & Co. worth $11,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd bought a new position in shares of Levi Strauss & Co. in the 4th quarter valued at approximately $1,415,000. Olympiad Research LP bought a new stake in shares of Levi Strauss & Co. during the 4th quarter worth $348,000. Alberta Investment Management Corp grew its stake in Levi Strauss & Co. by 22.6% in the 4th quarter. Alberta Investment Management Corp now owns 132,942 shares of the blue-jean maker’s stock valued at $2,300,000 after buying an additional 24,536 shares during the last quarter. Valmark Advisers Inc. bought a new position in Levi Strauss & Co. in the 4th quarter worth $325,000. Finally, Manchester Capital Management LLC acquired a new position in Levi Strauss & Co. during the 4th quarter worth $115,000. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Price Performance

Shares of 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. The company’s fifty day simple moving average is $17.92 and its 200 day simple moving average is $18.24. Levi Strauss & Co. has a 1-year low of $15.62 and a 1-year high of $24.34. The company has a market cap 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 released its quarterly earnings data on Wednesday, January 29th. The blue-jean maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Levi Strauss & Co. had a net margin of 3.32% and a return on equity of 25.88%. On average, research analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share 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. Stockholders of record on Wednesday, February 12th will be given a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.98%. Levi Strauss & Co.’s payout ratio is 100.00%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Citigroup reduced their target price on shares of Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company decreased their price target on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. UBS Group dropped their target price on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley dropped their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.27.

Insider Transactions at Levi Strauss & Co.

In other news, Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the sale, the director now owns 104,178 shares in the company, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 16,664 shares of company stock worth $301,785. 3.14% of the stock is owned by company insiders.

Levi Strauss & Co. Company 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.