Savoir Faire Capital Management L.P. Grows Stock Holdings in Levi Strauss & Co. $LEVI

Savoir Faire Capital Management L.P. grew its stake in Levi Strauss & Co. (NYSE:LEVI) by 32.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,718 shares of the blue-jean maker’s stock after purchasing an additional 46,283 shares during the period. Levi Strauss & Co. makes up about 1.6% of Savoir Faire Capital Management L.P.’s holdings, making the stock its 26th largest holding. Savoir Faire Capital Management L.P.’s holdings in Levi Strauss & Co. were worth $4,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. grew its holdings in shares of Levi Strauss & Co. by 123,970.4% in the second quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock valued at $58,496,000 after purchasing an additional 3,166,203 shares during the period. Ameriprise Financial Inc. raised its position in Levi Strauss & Co. by 83.4% in the second quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock valued at $36,208,000 after purchasing an additional 890,752 shares during the period. Hook Mill Capital Partners LP purchased a new stake in Levi Strauss & Co. in the second quarter valued at $14,103,000. Fisher Asset Management LLC lifted its stake in shares of Levi Strauss & Co. by 121.1% in the 2nd quarter. Fisher Asset Management LLC now owns 1,272,867 shares of the blue-jean maker’s stock valued at $23,535,000 after purchasing an additional 697,214 shares during the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of Levi Strauss & Co. during the 2nd quarter worth $8,398,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Levi Strauss & Co. Trading Down 1.4%

LEVI opened at $21.25 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82. The business’s 50 day moving average is $21.44 and its two-hundred day moving average is $21.50. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.33.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BTIG Research started coverage on shares of Levi Strauss & Co. in a report on Tuesday, October 14th. They issued a “buy” rating and a $27.00 price objective on the stock. Weiss Ratings downgraded shares of Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Stifel Nicolaus upped their price objective on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Wall Street Zen upgraded Levi Strauss & Co. from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.46.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.