Levi Strauss & Co. (NYSE:LEVI) EVP Harmit Singh Sells 98,144 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Harmit Singh sold 98,144 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the transaction, the executive vice president directly owned 98,747 shares in the company, valued at approximately $2,391,652.34. This represents a 49.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Levi Strauss & Co. Stock Down 0.4%

Shares of NYSE LEVI opened at $25.44 on Wednesday. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The firm has a fifty day moving average of $23.77 and a 200-day moving average of $21.94. The stock has a market capitalization of $9.79 billion, a PE ratio of 15.70, a P/E/G ratio of 1.68 and a beta of 1.33. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be issued a $0.16 dividend. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.5%. Levi Strauss & Co.’s dividend payout ratio (DPR) is 39.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LEVI. Bank of New York Mellon Corp boosted its stake in shares of Levi Strauss & Co. by 462.4% in the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after purchasing an additional 3,979,223 shares during the period. Balyasny Asset Management L.P. increased its stake in Levi Strauss & Co. by 123,970.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock worth $58,496,000 after buying an additional 3,166,203 shares during the period. Eastern Bank purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth $60,854,000. Swedbank AB acquired a new position in Levi Strauss & Co. in the 1st quarter worth $24,799,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Levi Strauss & Co. by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock worth $88,014,000 after buying an additional 1,296,474 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LEVI shares. Raymond James Financial lifted their price objective on Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. UBS Group restated a “buy” rating and issued a $34.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. TD Cowen restated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, July 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Levi Strauss & Co. Company Profile

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.