Oppenheimer Asset Management Inc. Invests $838,000 in Levi Strauss & Co. $LEVI

Oppenheimer Asset Management Inc. purchased a new stake in Levi Strauss & Co. (NYSE:LEVI) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 35,948 shares of the blue-jean maker’s stock, valued at approximately $838,000.

Several other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Levi Strauss & Co. by 181.6% during the first quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock worth $2,364,000 after buying an additional 97,800 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Levi Strauss & Co. during the first quarter worth about $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 purchasing an additional 1,879 shares in the last quarter. Caxton Associates LLP bought a new stake in Levi Strauss & Co. in the 1st quarter valued at about $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Levi Strauss & Co. by 3.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock valued at $24,908,000 after purchasing an additional 52,332 shares during the period. Institutional investors own 69.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Jason Gowans sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $21.83, for a total transaction of $873,200.00. Following the completion of the transaction, the executive vice president directly owned 92,199 shares in the company, valued at $2,012,704.17. This represents a 30.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Jedrzejek sold 2,248 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $19.60, for a total transaction of $44,060.80. Following the completion of the sale, the senior vice president owned 106,818 shares in the company, valued at $2,093,632.80. This represents a 2.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 49,341 shares of company stock worth $1,068,909. 1.25% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Trading Up 0.7%

Shares of LEVI stock opened at $21.92 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82. The stock’s fifty day moving average price is $21.26 and its two-hundred day moving average price is $21.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.55. The company has a market cap of $8.56 billion, a PE ratio of 15.02, a P/E/G ratio of 1.74 and a beta of 1.33.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Wednesday, January 28th. The blue-jean maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Levi Strauss & Co. had a return on equity of 25.08% and a net margin of 9.20%.The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter in the previous year, the firm earned $0.50 EPS. Levi Strauss & Co.’s revenue was up .9% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.400-1.460 EPS. Equities analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Tuesday, February 10th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio is 38.36%.

Analysts Set New Price Targets

LEVI has been the topic of several recent research reports. BTIG Research reaffirmed a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a report on Thursday, January 29th. UBS Group raised their price objective on Levi Strauss & Co. from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, January 29th. Wall Street Zen downgraded Levi Strauss & Co. from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Finally, Weiss Ratings cut Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.69.

About Levi Strauss & Co.

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.