Algert Global LLC Acquires 120,596 Shares of Levi Strauss & Co. $LEVI

Key Points

• Algert Global increased its Levi Strauss stake by 21.2%, acquiring 120,596 additional shares and ending the second quarter with 689,411 shares valued at approximately $17.1 million. Institutional investors collectively own 69.14% of the company.
• Levi Strauss reported quarterly EPS of $0.28, exceeding estimates by $0.04, while revenue rose 8% year over year to $1.56 billion. The company also raised its quarterly dividend from $0.14 to $0.16 per share, producing a 2.9% annualized yield.
• Analysts maintain a generally positive outlook, with twelve Buy ratings and four Holds and an average price target of $27.43 versus the reported share price of $21.70. However, insiders sold 796,009 shares worth about $19.2 million over the prior three months.

Algert Global LLC lifted its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 21.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 689,411 shares of the blue-jean maker's stock after purchasing an additional 120,596 shares during the period. Algert Global LLC owned about 0.18% of Levi Strauss & Co. worth $17,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Levi Strauss & Co. by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 132,304 shares of the blue-jean maker's stock worth $2,744,000 after purchasing an additional 465 shares during the last quarter. Essential Partners LLC boosted its position in Levi Strauss & Co. by 42.1% during the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker's stock valued at $45,000 after purchasing an additional 532 shares in the last quarter. US Bancorp DE grew its stake in Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock valued at $26,000 after purchasing an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock valued at $26,000 after purchasing an additional 833 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Levi Strauss & Co. by 6.1% in the second quarter. EP Wealth Advisors LLC now owns 15,136 shares of the blue-jean maker's stock worth $376,000 after purchasing an additional 867 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 $21.70 on Tuesday. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70. The company has a market cap of $8.35 billion, a PE ratio of 13.39, a P/E/G ratio of 1.42 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. The business has a 50-day simple moving average of $23.87 and a two-hundred day simple moving average of $22.22.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data 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 net margin of 9.66% and a return on equity of 25.79%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the company posted $0.22 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, equities analysts expect that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, July 22nd. This is an increase from Levi Strauss & Co.'s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 2.9%. Levi Strauss & Co.'s payout ratio is presently 39.51%.

Insider Activity at Levi Strauss & Co.

In related news, EVP Harmit J. Singh sold 98,144 shares of the firm's stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total value of $2,377,047.68. Following the completion of the transaction, the executive vice president owned 98,747 shares in the company, valued at $2,391,652.34. This trade represents a 49.85% decrease in their position. The sale was disclosed in a legal 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 Margaret E. Haas sold 47,721 shares of Levi Strauss & Co. stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total value of $1,145,781.21. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 796,009 shares of company stock valued at $19,181,538 over the last three months. 1.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on LEVI. BTIG Research restated a "buy" rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Wall Street Zen upgraded shares of Levi Strauss & Co. from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Barclays increased their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, July 10th. Weiss Ratings restated a "buy (b-)" rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. Finally, Raymond James Financial lifted their price target on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an "outperform" rating in a 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 data from MarketBeat, Levi Strauss & Co. has an average rating of "Moderate Buy" and an average price target of $27.43.

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.

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