Levi Strauss & Co. (NYSE:LEVI) Stock: Insider Jason Gowans Sells 3,494 Shares

Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans sold 3,494 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $23.86, for a total transaction of $83,366.84. Following the transaction, the executive vice president directly owned 88,705 shares in the company, valued at approximately $2,116,501.30. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $22.89 on Friday. The company has a market capitalization of $8.78 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. The firm has a fifty day simple moving average of $20.64 and a 200-day simple moving average of $21.74. The company has a current ratio of 1.63, a quick ratio of 1.00 and a debt-to-equity ratio of 0.43. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.12. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Equities research analysts anticipate that Levi Strauss & Co. will post 1.56 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, October 21st. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 42.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nykredit A S bought a new position in shares of Levi Strauss & Co. during the second quarter worth about $36,000. Essential Partners LLC raised its stake in Levi Strauss & Co. by 42.1% during the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock worth $45,000 after acquiring an additional 532 shares during the period. CENTRAL TRUST Co acquired a new stake in Levi Strauss & Co. during the third quarter worth about $71,000. Nisa Investment Advisors LLC lifted its holdings in Levi Strauss & Co. by 479.9% in the third quarter. Nisa Investment Advisors LLC now owns 4,042 shares of the blue-jean maker’s stock worth $80,000 after acquiring an additional 3,345 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Levi Strauss & Co. in the third quarter worth about $96,000. Institutional investors own 69.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LEVI shares. Bank of America reduced their price target on Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 8th. BNP Paribas Exane restated an “outperform” rating and set a $35.00 price objective on shares of Levi Strauss & Co. in a research note on Friday, October 9th. Weiss Ratings downgraded Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. cut their target price on Levi Strauss & Co. from $34.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. Finally, Barclays cut their target price on Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.92.

About Levi Strauss & Co.

Levi Strauss & Co (NYSE: LEVI) is an apparel company best known for its Levi’s brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company’s brands include Levi’s, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.