Levi Strauss & Co. (NYSE:LEVI – Get Free Report) SVP David Jedrzejek sold 3,091 shares of the company’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 sale, the senior vice president directly owned 97,178 shares of the company’s stock, valued at $2,332,272. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.
Levi Strauss & Co. Trading Down 0.9%
NYSE:LEVI opened at $24.17 on Thursday. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.70. The firm has a 50-day moving average price of $20.84 and a two-hundred day moving average price of $21.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.63. The firm has a market cap of $9.27 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30.
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.12. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. On average, equities analysts expect that Levi Strauss & Co. will post 1.56 earnings per share 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, October 21st. Levi Strauss & Co.’s dividend payout ratio (DPR) is 42.67%.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. Boston Partners bought a new stake in shares of Levi Strauss & Co. in the third quarter valued at approximately $1,754,000. Figure 8 Investment Strategies LLC lifted its position in shares of Levi Strauss & Co. by 7.1% during the third quarter. Figure 8 Investment Strategies LLC now owns 55,766 shares of the blue-jean maker’s stock worth $1,099,000 after acquiring an additional 3,710 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Levi Strauss & Co. by 184.4% during the third quarter. Russell Investments Group Ltd. now owns 119,447 shares of the blue-jean maker’s stock worth $2,353,000 after acquiring an additional 77,443 shares in the last quarter. R Squared Ltd lifted its position in shares of Levi Strauss & Co. by 55.8% during the third quarter. R Squared Ltd now owns 19,599 shares of the blue-jean maker’s stock worth $386,000 after acquiring an additional 7,020 shares in the last quarter. Finally, CENTRAL TRUST Co bought a new position in shares of Levi Strauss & Co. in the third quarter worth $71,000. 69.14% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
LEVI has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on Levi Strauss & Co. in a research note on Friday, October 30th. They issued a “strong-buy” rating for the company. UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Raymond James Financial lowered their target price on Levi Strauss & Co. from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. Citigroup cut their price target on shares of Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, BTIG Research reissued a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $26.92.
View Our Latest Research Report on Levi Strauss & Co.
Levi Strauss & Co. Company Profile
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.
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