Weiss Asset Management LP Buys Shares of 67,795 Levi Strauss & Co. $LEVI

Weiss Asset Management LP purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the first quarter, HoldingsChannel reports. The fund purchased 67,795 shares of the blue-jean maker’s stock, valued at approximately $1,254,000.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of Levi Strauss & Co. by 181.6% in the first quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock worth $2,364,000 after purchasing an additional 97,800 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Levi Strauss & Co. in the first quarter valued at $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after purchasing an additional 1,879 shares in the last quarter. Caxton Associates LLP acquired a new stake in Levi Strauss & Co. in the 1st quarter valued at $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 buying an additional 52,332 shares during the last quarter. 69.14% of the stock is owned by institutional investors.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder Robert D. Haas sold 488,851 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total value of $11,786,197.61. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 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 $3,497,344.62. Following the completion of the sale, the insider directly owned 145,662 shares in the company, valued at $3,497,344.62. This trade represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,236,803 shares of company stock valued at $28,742,192. 1.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BTIG Research restated a “buy” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Citigroup lifted their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Raymond James Financial increased their price target on Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. raised their price target on Levi Strauss & Co. from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, July 2nd. Finally, Barclays boosted their price target on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus target price of $27.46.

Levi Strauss & Co. Stock Up 4.0%

Levi Strauss & Co. stock opened at $25.52 on Tuesday. The stock has a market cap of $9.82 billion, a P/E ratio of 15.75, a P/E/G ratio of 1.62 and a beta of 1.33. The company’s 50-day moving average price is $23.68 and its two-hundred day moving average price is $21.91. 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 twelve month low of $17.72 and a twelve month high of $25.58.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company posted $0.22 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, analysts expect that Levi Strauss & Co. will post 1.54 EPS for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 22nd. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio is currently 39.51%.

Levi Strauss & Co. Profile

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.