Levi Strauss & Co. (NYSE:LEVI) Stock Position Lessened by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its holdings in Levi Strauss & Co. (NYSE:LEVI) by 76.3% in the 1st quarter, HoldingsChannel reports. The firm owned 237,288 shares of the blue-jean maker’s stock after selling 762,646 shares during the quarter. Nuveen Asset Management LLC’s holdings in Levi Strauss & Co. were worth $2,949,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. bought a new position in shares of Levi Strauss & Co. in the fourth quarter worth $31,000. Great West Life Assurance Co. Can bought a new position in shares of Levi Strauss & Co. in the fourth quarter worth $54,000. Toronto Dominion Bank bought a new position in shares of Levi Strauss & Co. in the first quarter worth $67,000. Cubist Systematic Strategies LLC bought a new position in shares of Levi Strauss & Co. in the fourth quarter worth $84,000. Finally, Arizona State Retirement System bought a new position in shares of Levi Strauss & Co. in the first quarter worth $137,000. 13.81% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on LEVI shares. Citigroup reissued a “buy” rating and issued a $17.00 price target (down previously from $18.00) on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. Guggenheim decreased their target price on Levi Strauss & Co. from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Morgan Stanley decreased their target price on Levi Strauss & Co. from $23.00 to $17.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. UBS Group decreased their target price on Levi Strauss & Co. from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, BNP Paribas began coverage on Levi Strauss & Co. in a research note on Tuesday, June 16th. They set an “outperform” rating and a $19.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.80.

Shares of NYSE LEVI opened at $13.24 on Wednesday. Levi Strauss & Co. has a 12 month low of $9.09 and a 12 month high of $23.74. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 10.32 and a beta of 1.33. The company has a quick ratio of 1.46, a current ratio of 2.13 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $13.54 and a 200-day simple moving average of $15.85.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Levi Strauss & Co. had a return on equity of 30.63% and a net margin of 6.88%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. Levi Strauss & Co.’s quarterly revenue was up 4.9% on a year-over-year basis. As a group, sell-side analysts expect that Levi Strauss & Co. will post 0.46 EPS for the current fiscal year.

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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