Key Points
- Levi Strauss EVP Harmit Singh sold 98,144 shares for approximately $2.38 million at an average price of $24.22, reducing his direct stake by 49.85%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Levi Strauss reported quarterly EPS of $0.28, exceeding estimates by $0.04, while revenue reached $1.56 billion, up 8% year over year. The company also raised its quarterly dividend to $0.16 per share, implying a 2.5% annual yield.
- Analyst sentiment remains favorable, with 12 Buy ratings and four Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $27.29, compared with an opening price of $25.44.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) EVP Harmit Singh sold 98,144 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the completion of the transaction, the executive vice president directly owned 98,747 shares of the company's stock, valued at $2,391,652.34. This represents a 49.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Levi Strauss & Co. Price Performance
LEVI stock opened at $25.44 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The stock's 50 day moving average is $23.77 and its two-hundred day moving average is $21.94. The company has a market capitalization of $9.79 billion, a PE ratio of 15.70, a P/E/G ratio of 1.68 and a beta of 1.33.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.Levi Strauss & Co.'s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Analysts predict that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.
Levi Strauss & Co. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a $0.16 dividend. This is a boost from Levi Strauss & Co.'s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, July 22nd. Levi Strauss & Co.'s dividend payout ratio is currently 39.51%.
Institutional Investors Weigh In On Levi Strauss & Co.
Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE boosted its holdings in Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 810 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock worth $26,000 after purchasing an additional 833 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter worth $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock worth $51,000 after buying an additional 1,879 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Levi Strauss & Co. from a "hold" rating to a "strong-buy" rating in a research note on Saturday, April 11th. Raymond James Financial boosted their target price 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. BTIG Research restated a "buy" rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Weiss Ratings raised shares of Levi Strauss & Co. from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a research note on Tuesday. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.29.
View Our Latest Stock Report on LEVI
About Levi Strauss & Co.
(
Get 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.
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