Fintel reports that Bergh Charles V has filed a 13G/A form with the SEC disclosing ownership of 7.87MM shares of Levi Strauss & Co. (LEVI). This represents 2.0% of the company.
In their previous filing dated February 10, 2022 they reported 6.19MM shares and 1.60% of the company, an increase in shares of 27.08% and an increase in total ownership of 0.40% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 10.36% Upside
As of February 13, 2023, the average one-year price target for Levi Strauss & is $19.97. The forecasts range from a low of $16.16 to a high of $25.20. The average price target represents an increase of 10.36% from its latest reported closing price of $18.10.
The projected annual revenue for Levi Strauss & is $6,475MM, an increase of 4.97%. The projected annual EPS is $1.44, an increase of 0.54%.
What is the Fund Sentiment?
There are 377 funds or institutions reporting positions in Levi Strauss &. This is a decrease of 33 owner(s) or 8.05% in the last quarter. Average portfolio weight of all funds dedicated to LEVI is 0.19%, a decrease of 10.45%. Total shares owned by institutions increased in the last three months by 0.57% to 98,629K shares. The put/call ratio of LEVI is 0.61, indicating a bullish outlook.
What are large shareholders doing?
Wellington Management Group Llp holds 7,832K shares representing 1.98% ownership of the company. In it's prior filing, the firm reported owning 7,784K shares, representing an increase of 0.62%. The firm decreased its portfolio allocation in LEVI by 85.74% over the last quarter.
Macquarie Group holds 5,202K shares representing 1.32% ownership of the company. In it's prior filing, the firm reported owning 5,169K shares, representing an increase of 0.62%. The firm decreased its portfolio allocation in LEVI by 63.82% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 5,007K shares representing 1.27% ownership of the company. No change in the last quarter.
Ameriprise Financial holds 4,011K shares representing 1.02% ownership of the company. In it's prior filing, the firm reported owning 1,522K shares, representing an increase of 62.06%. The firm decreased its portfolio allocation in LEVI by 54.65% over the last quarter.
PARMX - Parnassus Mid Cap Fund Investor Shares holds 3,970K shares representing 1.01% ownership of the company. In it's prior filing, the firm reported owning 5,843K shares, representing a decrease of 47.18%. The firm decreased its portfolio allocation in LEVI by 33.38% over the last quarter.
Levi Strauss & Declares $0.12 Dividend
On January 25, 2023 the company declared a regular quarterly dividend of $0.12 per share ($0.48 annualized). Shareholders of record as of February 7, 2023 will receive the payment on February 23, 2023. Previously, the company paid $0.12 per share.
At the current share price of $18.10 / share, the stock's dividend yield is 2.65%. Looking back five years and taking a sample every week, the average dividend yield has been 1.84%, the lowest has been 0.62%, and the highest has been 3.36%. The standard deviation of yields is 0.75 (n=130).
The current dividend yield is 1.07 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.33. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.50%, demonstrating that it has increased its dividend over time.
Levi Strauss & Background Information
(This description is provided by the company.)
Levi Strauss & Co. is one of the world's largest brand-name apparel companies and a global leader in jeanswear. The company designs and markets jeans, casual wear and related accessories for men, women and children under the Levi's®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,100 retail stores and shop-in-shops. Levi Strauss & Co.'s reported 2020 net revenues were $4,453 million.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
