UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $44.10 Million Holdings in Levi Strauss & Co. $LEVI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 3.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,776,289 shares of the blue-jean maker’s stock after selling 63,683 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Levi Strauss & Co. were worth $44,105,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in Levi Strauss & Co. by 462.4% in the 1st 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 buying an additional 3,979,223 shares during the period. Balyasny Asset Management L.P. raised its holdings in Levi Strauss & Co. by 123,970.4% during the second quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock valued at $58,496,000 after buying an additional 3,166,203 shares in the last quarter. Eastern Bank bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $60,854,000. Swedbank AB bought a new position in shares of Levi Strauss & Co. in the first quarter valued at approximately $24,799,000. Finally, Goldman Sachs Group Inc. raised 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 acquiring an additional 1,296,474 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total value of $3,497,344.62. Following the completion of the transaction, the insider directly owned 145,662 shares of the company’s stock, valued at approximately $3,497,344.62. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Robert D. Haas sold 488,851 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 783,560 shares of company stock worth $18,882,739. Company insiders own 1.08% of the company’s stock.

Levi Strauss & Co. Stock Performance

LEVI stock opened at $20.44 on Thursday. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70. The business’s fifty day moving average is $23.50 and its 200-day moving average is $22.21. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. The company has a market cap of $7.87 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) 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 company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company earned $0.22 EPS. The company’s revenue for the quarter 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. Equities research analysts forecast that Levi Strauss & Co. will post 1.54 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders 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 yield of 3.1%. The ex-dividend date was Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is presently 39.51%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group reiterated a “buy” rating and set a $34.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. 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 report on Thursday, July 2nd. Telsey Advisory Group lifted their target price on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

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.