Levi Strauss & Co. (NYSE:LEVI) Sees Strong Trading Volume on Earnings Beat

Levi Strauss & Co. (NYSE:LEVIGet Free Report) shares saw an uptick in trading volume on Thursday following a better than expected earnings announcement. Approximately 1,667,831 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 2,695,871 shares.The stock last traded at $24.4490 and had previously closed at $24.37.

The blue-jean maker reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS.

Levi Strauss & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is currently 35.67%.

Levi Strauss & Co. News Roundup

Here are the key news stories impacting Levi Strauss & Co. this week:

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LEVI. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Telsey Advisory Group boosted their price objective on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Needham & Company LLC restated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday. Citigroup upped their price objective on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $27.21.

View Our Latest Report on LEVI

Insider Buying and Selling

In related news, major shareholder Robert D. Haas sold 488,851 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karyn Hillman sold 38,938 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total value of $892,069.58. Following the sale, the executive vice president owned 91,522 shares in the company, valued at approximately $2,096,769.02. This represents a 29.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,468,570 shares of company stock worth $34,136,152 over the last 90 days. 1.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors have recently modified their holdings of LEVI. US Bancorp DE increased its holdings in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 810 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Levi Strauss & Co. in the 4th quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares during the period. Kestra Advisory Services LLC bought a new position in Levi Strauss & Co. during the 4th quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after acquiring an additional 1,879 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Levi Strauss & Co. Stock Performance

The business’s fifty day moving average price is $23.05 and its 200-day moving average price is $21.61. The stock has a market cap of $9.45 billion, a PE ratio of 15.56, a P/E/G ratio of 1.85 and a beta of 1.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58.

About Levi Strauss & Co.

(Get Free Report)

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.

Further Reading

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