Allspring Global Investments Holdings LLC Purchases 85,793 Shares of Levi Strauss & Co. $LEVI

Key Points

• Allspring Global Investments Holdings LLC increased its holdings in Levi Strauss & Co. by 5.2%, acquiring an additional 85,793 shares, bringing its total ownership to approximately $32.56 million.
• Levi Strauss & Co. recently reported earnings of $0.34 per share, exceeding analysts' expectations, alongside a 7% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.14 per share, reflecting an annualized yield of 2.6%, to be paid on November 4th.

Allspring Global Investments Holdings LLC lifted its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 5.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,725,358 shares of the blue-jean maker's stock after acquiring an additional 85,793 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.44% of Levi Strauss & Co. worth $32,558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of Levi Strauss & Co. by 101.5% during the 1st quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after acquiring an additional 1,113 shares during the period. IFP Advisors Inc bought a new stake in shares of Levi Strauss & Co. during the 1st quarter worth approximately $38,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Levi Strauss & Co. by 35.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after acquiring an additional 812 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock worth $51,000 after acquiring an additional 1,879 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Levi Strauss & Co. during the 1st quarter worth approximately $81,000. Institutional investors own 69.14% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction 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 Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The disclosure for this sale can be found here. Corporate insiders own 1.25% of the company's stock.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $21.40 on Thursday. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.62 and a beta of 1.30. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82. The stock has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $19.19. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.Levi Strauss & Co.'s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Sell-side analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 4th. Investors of record on Monday, October 20th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, October 20th. Levi Strauss & Co.'s dividend payout ratio is presently 36.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LEVI. UBS Group increased their price objective on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Telsey Advisory Group reissued an "outperform" rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Friday, October 10th. Morgan Stanley increased their price objective on shares of 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. Zacks Research downgraded shares of Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Finally, Bank of America increased their price objective on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of "Moderate Buy" and an average target price of $26.42.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.

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