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

Levi Strauss & Co. (NYSE:LEVI) SVP David Jedrzejek sold 3,091 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $24.00, for a total transaction of $74,184.00. Following the sale, the senior vice president directly owned 97,178 shares of the company’s stock, 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 SEC, which can be accessed through this link. 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%

Shares of LEVI opened at $24.37 on Wednesday. The firm has a 50 day simple moving average of $20.77 and a two-hundred day simple moving average of $21.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70. The company has a market cap of $9.35 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.45 and a beta of 1.30.

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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company posted $0.34 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Research analysts forecast that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Investors of record on Wednesday, October 21st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, October 21st. Levi Strauss & Co.’s dividend payout ratio is currently 42.67%.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in the stock. Keybank National Association OH raised its holdings in Levi Strauss & Co. by 0.4% during the 3rd quarter. Keybank National Association OH now owns 109,200 shares of the blue-jean maker’s stock worth $2,151,000 after purchasing an additional 427 shares during the last quarter. Essential Partners LLC lifted its holdings in 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 buying an additional 532 shares during the period. Figure 8 Investment Strategies LLC grew its stake in Levi Strauss & Co. by 1.6% during the second quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker’s stock worth $1,293,000 after purchasing an additional 830 shares during the period. EP Wealth Advisors LLC grew its holdings in Levi Strauss & Co. by 6.1% in the second quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker’s stock worth $376,000 after purchasing an additional 867 shares during the period. Finally, Illinois Municipal Retirement Fund increased its position in Levi Strauss & Co. by 0.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 207,335 shares of the blue-jean maker’s stock valued at $4,084,000 after buying an additional 1,364 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LEVI has been the subject of several research analyst reports. BTIG Research reiterated a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a report on Thursday, October 8th. Weiss Ratings lowered Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 20th. Wall Street Zen lowered Levi Strauss & Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 3rd. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $35.00 target price on shares of Levi Strauss & Co. in a report on Friday, October 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. One investment 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.