Swedbank AB Takes $24.80 Million Position in Levi Strauss & Co. $LEVI

Swedbank AB bought a new position in shares of Levi Strauss & Co. (NYSE:LEVIFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,341,200 shares of the blue-jean maker’s stock, valued at approximately $24,799,000.

Several other hedge funds have also added to or reduced their stakes in LEVI. US Bancorp DE grew its holdings in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after buying an additional 810 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Levi Strauss & Co. in the fourth quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after acquiring an additional 1,879 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Stock Down 2.3%

Shares of NYSE LEVI opened at $23.81 on Friday. The stock has a market capitalization of $9.16 billion, a P/E ratio of 14.70, a PEG ratio of 1.83 and a beta of 1.33. The stock’s fifty day moving average is $23.08 and its 200 day moving average is $21.63. Levi Strauss & Co. has a 52 week low of $17.72 and a 52 week high of $25.58. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last posted its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.95%. Levi Strauss & Co.’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Sell-side analysts forecast that Levi Strauss & Co. will post 1.51 earnings per share for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Wednesday, July 22nd. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio is presently 35.67%.

Insider Transactions at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 47,721 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $1,145,781.21. The transaction was disclosed in a document filed with the SEC, 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 Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction 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 90 days, insiders sold 1,468,570 shares of company stock valued at $34,136,152. Company insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

LEVI has been the topic of a number of recent research reports. Raymond James Financial raised their price target on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Thursday. 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. TD Cowen reaffirmed a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.21.

Get Our Latest Stock Analysis on LEVI

Trending Headlines about Levi Strauss & Co.

Here are the key news stories impacting Levi Strauss & Co. this week:

Levi Strauss & Co. Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding LEVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Levi Strauss & Co. (NYSE:LEVIFree Report).

Institutional Ownership by Quarter for Levi Strauss & Co. (NYSE:LEVI)

Receive News & Ratings for Levi Strauss & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Levi Strauss & Co. and related companies with MarketBeat.com's FREE daily email newsletter.