Levi Strauss & Co. $LEVI Shares Newly Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 48,046 shares of the blue-jean maker’s stock, valued at approximately $947,000.

Other hedge funds have also made changes to their positions in the company. Nykredit A S bought a new stake in Levi Strauss & Co. during the second quarter worth approximately $36,000. Essential Partners LLC raised its position in shares of Levi Strauss & Co. by 42.1% in the second 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 period. Nisa Investment Advisors LLC lifted its stake in shares of 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 buying an additional 3,345 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Levi Strauss & Co. in the third quarter worth $96,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Levi Strauss & Co. in the second quarter worth $127,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insider Transactions at Levi Strauss & Co.

In other news, EVP Jason Gowans sold 3,494 shares of Levi Strauss & Co. stock in a transaction that occurred 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 sale, the executive vice president owned 88,705 shares of the company’s stock, valued at approximately $2,116,501.30. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Jedrzejek sold 3,091 shares of the business’s stock in a transaction that occurred on Tuesday, November 10th. The shares were 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 represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. 1.08% of the stock is owned by company insiders.

Levi Strauss & Co. Trading Up 1.1%

Shares of Levi Strauss & Co. stock opened at $24.37 on Wednesday. The company’s fifty day simple moving average is $20.77 and its 200-day simple moving average is $21.76. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.45 and a beta of 1.30. 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 1 year low of $17.72 and a 1 year high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm earned $0.34 EPS. The business’s 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. As a group, sell-side analysts expect that Levi Strauss & Co. will post 1.56 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were paid a $0.16 dividend. This represents a $0.64 annualized dividend 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%.

Analysts Set New Price Targets

Several analysts recently issued reports on LEVI shares. JPMorgan Chase & Co. decreased their price objective on shares of Levi Strauss & Co. from $34.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. UBS Group reiterated a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 23rd. Weiss Ratings lowered shares of Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 20th. Wells Fargo & Company decreased their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $26.92.

About Levi Strauss & Co.

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.