Insider Selling: Levi Strauss & Co. (NYSE:LEVI) EVP Sells $2,377,047.68 in Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Harmit Singh sold 98,144 shares of the business’s stock in a transaction on 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 sale, the executive vice president owned 98,747 shares of the company’s stock, valued at $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. 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

NYSE LEVI opened at $24.56 on Friday. Levi Strauss & Co. has a 1 year low of $17.72 and a 1 year high of $25.70. The company has a fifty day simple moving average of $23.90 and a 200 day simple moving average of $21.98. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46. The company has a market cap of $9.45 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.63 and a beta of 1.33.

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

Levi Strauss & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, July 22nd. This represents a $0.64 annualized dividend and a dividend yield of 2.6%. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s payout ratio is presently 39.51%.

Hedge Funds Weigh In On Levi Strauss & Co.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Levi Strauss & Co. by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock worth $193,312,000 after purchasing an additional 342,009 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Levi Strauss & Co. by 462.4% in the first quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after buying an additional 3,979,223 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Levi Strauss & Co. by 44.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after buying an additional 1,296,474 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Levi Strauss & Co. by 9.3% in the third quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after buying an additional 294,053 shares during the last quarter. Finally, Eastern Bank acquired a new position in Levi Strauss & Co. during the 2nd quarter worth about $60,854,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating and issued a $34.00 target price on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research note on Tuesday. Finally, Telsey Advisory Group boosted their target price on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.29.

Levi Strauss & Co. Company 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.