Deltec Asset Management LLC Purchases New Shares in Levi Strauss & Co. (NYSE:LEVI)

Deltec Asset Management LLC purchased a new stake in shares of Levi Strauss & Co. (NYSE:LEVI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,000 shares of the blue-jean maker’s stock, valued at approximately $268,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Granite Investment Advisors LLC increased its holdings in Levi Strauss & Co. by 10.1% during the 2nd quarter. Granite Investment Advisors LLC now owns 14,000 shares of the blue-jean maker’s stock valued at $188,000 after purchasing an additional 1,280 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Levi Strauss & Co. during the 2nd quarter valued at $1,024,000. State Street Corp increased its holdings in Levi Strauss & Co. by 41.4% during the 1st quarter. State Street Corp now owns 128,022 shares of the blue-jean maker’s stock valued at $1,591,000 after purchasing an additional 37,503 shares in the last quarter. Morgan Stanley increased its holdings in Levi Strauss & Co. by 200.4% during the 1st quarter. Morgan Stanley now owns 248,461 shares of the blue-jean maker’s stock valued at $3,089,000 after purchasing an additional 165,757 shares in the last quarter. Finally, Advisor Group Holdings Inc. acquired a new stake in Levi Strauss & Co. during the 1st quarter valued at $457,000. 13.79% of the stock is owned by hedge funds and other institutional investors.

NYSE:LEVI opened at $12.16 on Friday. Levi Strauss & Co. has a 12-month low of $9.09 and a 12-month high of $20.70. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $4.86 billion, a P/E ratio of 26.63 and a beta of 1.33. The stock’s fifty day simple moving average is $12.93 and its 200-day simple moving average is $14.84.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Tuesday, July 7th. The blue-jean maker reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.11). Levi Strauss & Co. had a return on equity of 13.47% and a net margin of 0.19%. The company had revenue of $498.00 million during the quarter, compared to the consensus estimate of $564.36 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s revenue for the quarter was down 62.1% on a year-over-year basis. As a group, equities research analysts expect that Levi Strauss & Co. will post -0.24 earnings per share for the current year.

LEVI has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $17.00 price objective (down from $18.00) on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. UBS Group decreased their price objective on Levi Strauss & Co. from $29.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Guggenheim reiterated a “buy” rating and issued a $16.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, July 15th. Morgan Stanley increased their price objective on Levi Strauss & Co. from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Finally, Zacks Investment Research lowered Levi Strauss & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.56.

In other Levi Strauss & Co. news, Director Christopher J. Mccormick bought 3,786 shares of Levi Strauss & Co. stock in a transaction on Wednesday, July 22nd. The shares were purchased at an average cost of $11.92 per share, for a total transaction of $45,129.12. Following the completion of the acquisition, the director now owns 60,115 shares in the company, valued at approximately $716,570.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Seth Jaffe sold 8,123 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $13.61, for a total value of $110,554.03. Following the transaction, the executive vice president now owns 91,854 shares in the company, valued at $1,250,132.94. The disclosure for this sale can be found here. 6.48% of the stock is owned by company insiders.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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