Scientech Research LLC Makes New Investment in Levi Strauss & Co. (NYSE:LEVI)

Scientech Research LLC acquired a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,746 shares of the blue-jean maker’s stock, valued at approximately $361,000.

Several other large investors also recently made changes to their positions in LEVI. 272 Capital LP bought a new stake in Levi Strauss & Co. during the second quarter worth $35,000. Headlands Technologies LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at about $135,000. nVerses Capital LLC acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at about $195,000. Dark Forest Capital Management LP bought a new position in Levi Strauss & Co. during the second quarter worth about $265,000. Finally, Magnetar Financial LLC bought a new position in Levi Strauss & Co. during the second quarter worth about $281,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Up 0.9 %

LEVI stock opened at $21.65 on Monday. Levi Strauss & Co. has a 52 week low of $12.41 and a 52 week high of $24.34. The company has a market capitalization of $8.61 billion, a PE ratio of 61.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.14. The company’s 50-day simple moving average is $18.90 and its 200 day simple moving average is $20.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.77 and a current ratio of 1.42.

Insiders Place Their Bets

In other news, Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $18.23, for a total value of $75,946.18. Following the completion of the sale, the director now directly owns 158,344 shares in the company, valued at $2,886,611.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director David A. Friedman sold 4,166 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $18.23, for a total transaction of $75,946.18. Following the completion of the sale, the director now owns 158,344 shares of the company’s stock, valued at $2,886,611.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Friedman sold 25,002 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $20.00, for a total transaction of $500,040.00. Following the completion of the transaction, the director now directly owns 229,176 shares in the company, valued at $4,583,520. The disclosure for this sale can be found here. Insiders have sold a total of 33,334 shares of company stock worth $655,765 in the last quarter. Corporate insiders own 3.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Friday. Stifel Nicolaus raised their price target on Levi Strauss & Co. from $24.00 to $28.00 and gave the company a “buy” rating in a report on Monday, June 24th. OTR Global started coverage on shares of Levi Strauss & Co. in a research report on Friday, June 14th. They set a “positive” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Levi Strauss & Co. from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. Finally, Bank of America lifted their target price on shares of Levi Strauss & Co. from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Thursday, June 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.25.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.