Levi Strauss & Co. $LEVI Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its stake in Levi Strauss & Co. (NYSE:LEVI) by 42.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 180,423 shares of the blue-jean maker’s stock after buying an additional 54,107 shares during the period. Jones Financial Companies Lllp’s holdings in Levi Strauss & Co. were worth $4,428,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $26,000. US Bancorp DE lifted its position in Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth about $39,000. Finally, Essential Partners LLC lifted its holdings in shares of Levi Strauss & Co. by 42.1% in the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock valued at $45,000 after purchasing an additional 532 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $21.70 on Tuesday. The firm has a market cap of $8.35 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.42 and a beta of 1.33. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The business’s 50-day moving average price is $23.87 and its 200 day moving average price is $22.22. 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 posted its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating 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 firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $0.22 EPS. The firm’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 research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a dividend of $0.16 per share. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is 39.51%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LEVI. JPMorgan Chase & Co. upped their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $25.00 price target on shares of Levi Strauss & Co. in a research report on Tuesday, July 28th. Raymond James Financial boosted 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. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Finally, Barclays lifted their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, July 10th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Insider Activity

In other Levi Strauss & Co. news, major shareholder Robert D. Haas sold 488,851 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction of $11,786,197.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harmit J. Singh sold 98,144 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president owned 98,747 shares of the company’s stock, valued at $2,391,652.34. This trade represents a 49.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 796,009 shares of company stock valued at $19,181,538. Corporate insiders own 1.08% of the company’s stock.

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.