Aigen Investment Management LP Sells 41,709 Shares of Levi Strauss & Co. (NYSE:LEVI)

Aigen Investment Management LP trimmed its stake in Levi Strauss & Co. (NYSE:LEVI) by 54.4% during the 4th quarter, HoldingsChannel reports. The fund owned 35,032 shares of the blue-jean maker’s stock after selling 41,709 shares during the quarter. Aigen Investment Management LP’s holdings in Levi Strauss & Co. were worth $606,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in Levi Strauss & Co. by 44.6% in the third quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock worth $205,356,000 after acquiring an additional 2,907,099 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Levi Strauss & Co. by 59.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock worth $33,907,000 after acquiring an additional 579,460 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Levi Strauss & Co. by 119.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,541,784 shares of the blue-jean maker’s stock worth $26,858,000 after acquiring an additional 840,251 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Levi Strauss & Co. by 1.7% in the third quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker’s stock worth $26,816,000 after acquiring an additional 20,426 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Levi Strauss & Co. by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker’s stock worth $24,512,000 after acquiring an additional 20,870 shares in the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Stock Performance

Shares of LEVI opened at $16.49 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The business has a 50-day simple moving average of $17.91 and a two-hundred day simple moving average of $18.20. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 31.70, a PEG ratio of 1.92 and a beta of 1.16. Levi Strauss & Co. has a 52 week low of $15.62 and a 52 week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. On average, analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Wednesday, February 12th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Wednesday, February 12th. Levi Strauss & Co.’s payout ratio is 100.00%.

Insiders Place Their Bets

In related news, Director David A. Friedman sold 4,166 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $18.44, for a total transaction of $76,821.04. Following the completion of the sale, the director now owns 100,012 shares in the company, valued at approximately $1,844,221.28. This trade represents a 4.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Guggenheim boosted their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. UBS Group lowered their price target 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. Citigroup lowered their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. Finally, Wells Fargo & Company lowered their price target on 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

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.