Levi Strauss & Co. (NYSE:LEVI) Shares Sold by Intrepid Capital Management Inc.

Intrepid Capital Management Inc. lowered its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,775 shares of the blue-jean maker’s stock after selling 4,452 shares during the period. Intrepid Capital Management Inc.’s holdings in Levi Strauss & Co. were worth $1,709,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. KBC Group NV grew its stake in shares of Levi Strauss & Co. by 0.8% in the 4th quarter. KBC Group NV now owns 114,442 shares of the blue-jean maker’s stock valued at $1,980,000 after purchasing an additional 892 shares during the last quarter. LPL Financial LLC grew its position in Levi Strauss & Co. by 2.4% in the 4th quarter. LPL Financial LLC now owns 54,151 shares of the blue-jean maker’s stock valued at $937,000 after buying an additional 1,283 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Levi Strauss & Co. in the 4th quarter valued at $39,000. SG Americas Securities LLC increased its stake in Levi Strauss & Co. by 32.9% in the 4th quarter. SG Americas Securities LLC now owns 12,103 shares of the blue-jean maker’s stock valued at $209,000 after buying an additional 2,998 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Levi Strauss & Co. during the 4th quarter worth $82,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the transaction, the director now owns 100,012 shares of the company’s stock, valued at approximately $1,844,221.28. This represents a 4.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LEVI shares. Wells Fargo & Company lowered their target price on shares of Levi Strauss & Co. from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Barclays lowered their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Morgan Stanley cut their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Citigroup reduced their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, January 17th. Finally, UBS Group dropped their price objective on Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and an average price target of $21.27.

Levi Strauss & Co. Stock Performance

NYSE:LEVI opened at $16.36 on Wednesday. Levi Strauss & Co. has a twelve month low of $15.42 and a twelve month high of $24.34. The company has a market capitalization of $6.47 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.16. 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 firm has a 50-day moving average price of $17.36 and a two-hundred day moving average price of $17.78.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results 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 return on equity of 25.88% and a net margin of 3.32%. As a group, research analysts expect that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.13 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.52 annualized dividend and a dividend yield of 3.18%. Levi Strauss & Co.’s dividend payout ratio is currently 100.00%.

About Levi Strauss & Co.

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.