CORDA Investment Management LLC. Sells 16,635 Shares of Levi Strauss & Co. $LEVI

CORDA Investment Management LLC. reduced its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 688,404 shares of the blue-jean maker’s stock after selling 16,635 shares during the period. CORDA Investment Management LLC.’s holdings in Levi Strauss & Co. were worth $12,729,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its position in shares of Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker’s stock valued at $34,000 after purchasing an additional 1,113 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Levi Strauss & Co. during the first quarter valued at about $38,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker’s stock valued at $49,000 after purchasing an additional 812 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after purchasing an additional 1,879 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Levi Strauss & Co. in the first quarter worth about $81,000. 69.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

LEVI has been the topic of several research reports. Bank of America lifted their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus lifted their price objective on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Morgan Stanley lifted their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. BTIG Research initiated coverage on shares of Levi Strauss & Co. in a research report on Tuesday, October 14th. They issued a “buy” rating and a $27.00 price objective on the stock. Finally, Zacks Research lowered shares of Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and an average target price of $26.42.

Insider Activity

In other news, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total value of $1,207,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The disclosure for this sale can be found here. 1.25% of the stock is owned by company insiders.

Levi Strauss & Co. Price Performance

LEVI opened at $20.83 on Monday. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.58 and a beta of 1.30. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $22.29 and a 200-day moving average price of $19.31. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Equities analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th will be paid a $0.14 dividend. The ex-dividend date is Monday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 36.84%.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.