Levi Strauss & Co. (NYSE:LEVI) Increases Dividend to $0.16 Per Share

Levi Strauss & Co. (NYSE:LEVI) announced a quarterly dividend on Wednesday, July 8th. Shareholders of record on Wednesday, July 22nd will be given a dividend of 0.16 per share by the blue-jean maker on Wednesday, August 5th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a 14.3% increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14.

Levi Strauss & Co. has increased its dividend by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Levi Strauss & Co. has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Levi Strauss & Co. to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 33.3%.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI opened at $24.38 on Thursday. Levi Strauss & Co. has a 12 month low of $17.72 and a 12 month high of $25.58. The company has a market cap of $9.38 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.85 and a beta of 1.33. The business’s 50 day moving average is $23.05 and its two-hundred day moving average is $21.61. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Levi Strauss & Co.’s revenue was up 8.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, equities analysts expect that Levi Strauss & Co. will post 1.51 EPS for the current year.

Insider Activity

In related news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the completion of the sale, the insider directly owned 145,662 shares of the company’s stock, valued at $3,497,344.62. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Robert D. Haas sold 488,851 shares of Levi Strauss & Co. stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.11, for a total value of $11,786,197.61. 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. In the last quarter, insiders have sold 1,468,570 shares of company stock worth $34,136,152. Corporate insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth $233,000. Eastern Bank acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter worth about $60,854,000. Amundi grew its position in shares of Levi Strauss & Co. by 73.3% during the 1st quarter. Amundi now owns 18,828 shares of the blue-jean maker’s stock worth $348,000 after buying an additional 7,963 shares during the period. California State Teachers Retirement System increased its stake in shares of Levi Strauss & Co. by 25.6% in the 1st quarter. California State Teachers Retirement System now owns 107,325 shares of the blue-jean maker’s stock valued at $1,984,000 after acquiring an additional 21,853 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in 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 valued at $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 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.