Levi Strauss & Co. (NYSE:LEVI) SVP Sells $74,184.00 in Stock

Levi Strauss & Co. (NYSE:LEVI) 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 transaction, the senior vice president owned 97,178 shares in the company, valued at approximately $2,332,272. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 0.2%

Shares of Levi Strauss & Co. stock opened at $24.04 on Friday. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The firm has a market capitalization of $9.22 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. The company’s fifty day moving average price is $20.91 and its two-hundred day moving average price is $21.79.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results 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 firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. On average, analysts expect that Levi Strauss & Co. will post 1.56 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, October 21st. Levi Strauss & Co.’s dividend payout ratio is currently 42.67%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Raymond James Financial reduced their price objective 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. BNP Paribas Exane reissued an “outperform” rating and set a $35.00 price objective on shares of Levi Strauss & Co. in a report on Friday, October 9th. Wall Street Zen cut shares of Levi Strauss & Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. JPMorgan Chase & Co. decreased their price target on shares of Levi Strauss & Co. from $34.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Finally, BTIG Research restated a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. One 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.92.

Hedge Funds Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently modified their holdings of LEVI. Bank of New York Mellon Corp lifted its holdings 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 in the last quarter. Eastern Bank acquired a new stake in Levi Strauss & Co. in the 2nd quarter valued at approximately $60,854,000. First Trust Advisors LP lifted its stake in Levi Strauss & Co. by 1,159.6% in the 3rd quarter. First Trust Advisors LP now owns 1,313,076 shares of the blue-jean maker’s stock valued at $25,868,000 after acquiring an additional 1,208,834 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of Levi Strauss & Co. by 74.3% during the 2nd quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker’s stock worth $20,152,000 after acquiring an additional 345,855 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Levi Strauss & Co. by 117.2% in the first quarter. Royal Bank of Canada now owns 358,797 shares of the blue-jean maker’s stock worth $6,635,000 after purchasing an additional 193,607 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

About Levi Strauss & Co.

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.