Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans Sells 40,000 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans sold 40,000 shares of Levi Strauss & Co. stock in a transaction 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 of the company’s stock, valued at $2,012,704.17. The trade was a 30.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Levi Strauss & Co. Stock Up 0.7%

Shares of LEVI opened at $21.92 on Friday. The stock’s 50 day moving average is $21.26 and its two-hundred day moving average is $21.49. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The firm has a market cap of $8.56 billion, a P/E ratio of 15.02, a PEG ratio of 1.73 and a beta of 1.33. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46.

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

Levi Strauss & Co. Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LEVI. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, January 29th. BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a report on Thursday, January 29th. Weiss Ratings cut Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Levi Strauss & Co. from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Eleven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.69.

Institutional Trading of Levi Strauss & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in LEVI. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. during the third quarter worth $2,540,000. Geode Capital Management LLC raised its stake in shares of Levi Strauss & Co. by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,210,669 shares of the blue-jean maker’s stock worth $22,391,000 after buying an additional 24,728 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Levi Strauss & Co. during the 3rd quarter worth $2,478,000. Fox Run Management L.L.C. purchased a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth about $524,000. Finally, CWM LLC grew its stake in Levi Strauss & Co. by 321.1% in the 2nd quarter. CWM LLC now owns 38,645 shares of the blue-jean maker’s stock valued at $715,000 after acquiring an additional 29,467 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

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.