Redhawk Wealth Advisors Inc. Invests $764,000 in Levi Strauss & Co. $LEVI

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Levi Strauss & Co. (NYSE:LEVI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,773 shares of the blue-jean maker’s stock, valued at approximately $764,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LEVI. Balyasny Asset Management L.P. boosted its stake in Levi Strauss & Co. by 123,970.4% during 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 buying an additional 3,166,203 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Levi Strauss & Co. by 65.1% during the 1st quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker’s stock worth $48,488,000 after acquiring an additional 1,226,205 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Levi Strauss & Co. by 14.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,189,815 shares of the blue-jean maker’s stock valued at $34,139,000 after acquiring an additional 273,247 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Levi Strauss & Co. by 83.4% in the second quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock valued at $36,208,000 after acquiring an additional 890,752 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Levi Strauss & Co. by 5.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,725,358 shares of the blue-jean maker’s stock valued at $32,558,000 after acquiring an additional 85,793 shares during the period. 69.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on Levi Strauss & Co. from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Zacks Research downgraded Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Morgan Stanley boosted their price target on Levi Strauss & Co. from $19.00 to $20.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday. Finally, Needham & Company LLC initiated coverage on Levi Strauss & Co. in a report on Thursday, September 25th. They set a “buy” rating and a $28.00 price objective for the company. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

Insider Transactions at Levi Strauss & Co.

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total transaction of $3,628,500.00. Additional details regarding this sale are available in the official SEC disclosure. 1.25% of the stock is owned by corporate insiders.

Levi Strauss & Co. Stock Down 1.1%

NYSE LEVI opened at $21.67 on Friday. The stock’s 50 day simple moving average is $21.22 and its 200 day simple moving average is $20.89. Levi Strauss & Co. has a one year low of $12.17 and a one year high of $24.82. The firm has a market cap of $8.47 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 4th. Shareholders of record on Monday, October 20th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio is currently 36.84%.

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.