Levi Strauss & Co. (NYSE:LEVI) SVP David Jedrzejek Sells 3,091 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) SVP David Jedrzejek sold 3,091 shares of the company’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $24.00, for a total value of $74,184.00. Following the sale, the senior vice president owned 97,178 shares in the company, valued at approximately $2,332,272. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Levi Strauss & Co. Stock Up 1.1%

LEVI stock traded up $0.27 during mid-day trading on Tuesday, reaching $24.37. The company had a trading volume of 2,389,911 shares, compared to its average volume of 2,891,000. The firm has a fifty day simple moving average of $20.69 and a 200 day simple moving average of $21.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.63. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.30. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.12. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the company posted $0.34 earnings per share. The business’s revenue for the quarter 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. Analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, October 21st. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 42.67%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in Levi Strauss & Co. by 462.4% in the first 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 acquiring an additional 3,979,223 shares during the last quarter. Eastern Bank purchased a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth about $60,854,000. The Manufacturers Life Insurance Company raised its holdings in Levi Strauss & Co. by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock valued at $40,834,000 after buying an additional 7,827 shares during the period. Dimensional Fund Advisors LP lifted its position in Levi Strauss & Co. by 8.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,849,014 shares of the blue-jean maker’s stock valued at $34,185,000 after buying an additional 148,174 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Levi Strauss & Co. by 12.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,325,256 shares of the blue-jean maker’s stock valued at $25,180,000 after buying an additional 148,067 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LEVI shares. Raymond James Financial dropped their price objective on Levi Strauss & Co. from $24.00 to $22.00 and set an “outperform” rating on the stock 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 report on Friday, October 9th. Jefferies Financial Group reduced their price objective on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 1st. Barclays dropped their target price on shares of Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Finally, UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $26.92.

Levi Strauss & Co. Company Profile

Levi Strauss & Co. is a global apparel company best known for its Levi’s denim jeans. Founded in 1853 by Levi Strauss, the company has grown from a San Francisco dry-goods business into a designer, marketer and distributor of jeans, casual apparel and related accessories. Its portfolio includes the Levi’s, Dockers and Beyond Yoga brands. Products are sold through wholesale partners and the company’s own retail stores and e-commerce channels in markets around the world. Michelle Gass became president and chief executive officer in January 2024.