48,046 Shares of Levi Strauss & Co. $LEVI Purchased by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 48,046 shares of the blue-jean maker’s stock, valued at approximately $947,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its stake in Levi Strauss & Co. by 11.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 17,979 shares of the blue-jean maker’s stock valued at $354,000 after buying an additional 1,801 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in Levi Strauss & Co. during the third quarter worth $295,000. Vise Technologies Inc. raised its stake in Levi Strauss & Co. by 48.1% during the third quarter. Vise Technologies Inc. now owns 12,233 shares of the blue-jean maker’s stock worth $241,000 after acquiring an additional 3,972 shares in the last quarter. State of Wyoming raised its stake in Levi Strauss & Co. by 37.1% during the third quarter. State of Wyoming now owns 15,036 shares of the blue-jean maker’s stock worth $296,000 after acquiring an additional 4,069 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Levi Strauss & Co. by 252.0% during the third quarter. Signaturefd LLC now owns 5,202 shares of the blue-jean maker’s stock valued at $102,000 after acquiring an additional 3,724 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Up 1.1%

LEVI stock opened at $24.37 on Wednesday. The business has a fifty day moving average price of $20.77 and a 200 day moving average price of $21.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.45 and a beta of 1.30.

Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last posted its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.12. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Analysts expect that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, October 21st. Levi Strauss & Co.’s payout ratio is currently 42.67%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEVI. BTIG Research restated a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, October 8th. Barclays dropped their target price on shares of Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Wall Street Zen downgraded shares of Levi Strauss & Co. from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 3rd. Wells Fargo & Company reduced their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 8th. Finally, TD Cowen initiated coverage on shares of Levi Strauss & Co. in a research report on Friday, October 30th. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.92.

View Our Latest Research Report on Levi Strauss & Co.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Jason Gowans sold 3,494 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $23.86, for a total value of $83,366.84. Following the completion of the sale, the executive vice president owned 88,705 shares in the company, valued at approximately $2,116,501.30. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David Jedrzejek sold 3,091 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $24.00, for a total transaction of $74,184.00. Following the completion of the transaction, the senior vice president directly owned 97,178 shares of the company’s stock, valued at approximately $2,332,272. This represents a 3.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.08% of the company’s stock.

About Levi Strauss & Co.

(Free Report)

Levi Strauss & Co. is a global apparel company best known for its Levi’s denim jeans. Founded in 1853 by Levi Strauss, the company has grown from a San Francisco dry-goods business into a designer, marketer and distributor of jeans, casual apparel and related accessories. Its portfolio includes the Levi’s, Dockers and Beyond Yoga brands. Products are sold through wholesale partners and the company’s own retail stores and e-commerce channels in markets around the world. Michelle Gass became president and chief executive officer in January 2024.

See Also

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Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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