Sanctuary Advisors LLC Makes New $795,000 Investment in Levi Strauss & Co. $LEVI

Sanctuary Advisors LLC purchased a new position in Levi Strauss & Co. (NYSE:LEVI) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,003 shares of the blue-jean maker’s stock, valued at approximately $795,000.

Several other institutional investors and hedge funds have also made changes to their positions in LEVI. Bank of New York Mellon Corp raised its holdings in Levi Strauss & Co. by 462.4% during the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock worth $89,489,000 after purchasing an additional 3,979,223 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in Levi Strauss & Co. by 123,970.4% in the second quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock worth $58,496,000 after purchasing an additional 3,166,203 shares during the period. Eastern Bank bought a new position in Levi Strauss & Co. during the 2nd quarter valued at $60,854,000. Swedbank AB bought a new position in Levi Strauss & Co. during the 1st quarter valued at $24,799,000. Finally, Goldman Sachs Group Inc. boosted its stake in Levi Strauss & Co. by 44.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after purchasing an additional 1,296,474 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $21.33 on Friday. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70. The stock has a fifty day moving average of $23.68 and a 200-day moving average of $22.24. The company has a market capitalization of $8.21 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $1.56 billion during 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%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were given a $0.16 dividend. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. Levi Strauss & Co.’s dividend payout ratio is 39.51%.

Analyst Upgrades and Downgrades

LEVI has been the subject of several research analyst reports. UBS Group restated a “buy” rating and issued a $34.00 price objective on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. Citigroup boosted their price target on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. upped their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Finally, Telsey Advisory Group raised their price objective on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

Insider Buying and Selling

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 47,721 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.01, for a total value of $1,145,781.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harmit J. Singh sold 98,144 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the completion of the transaction, the executive vice president owned 98,747 shares of the company’s stock, valued at approximately $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 783,560 shares of company stock worth $18,882,739. Company insiders own 1.08% of the company’s stock.

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.