AMF Tjanstepension AB Acquires 130,731 Shares of Levi Strauss & Co. $LEVI

Key Points

• AMF Tjanstepension AB increased its Levi Strauss stake by 52.4%, purchasing 130,731 additional shares to reach 380,241 shares valued at approximately $7.49 million. Institutional investors collectively own 69.14% of the company.
• Analysts remain broadly bullish, with 11 Buy ratings and three Holds; Levi Strauss has a “Moderate Buy” consensus and an average price target of $26.92 versus a recent share price of $21.38.
• Levi Strauss beat quarterly earnings expectations with $0.48 EPS versus the $0.36 consensus, while revenue rose 4.3% year over year to $1.61 billion. The company also declared a quarterly dividend of $0.16, equivalent to a 3.0% annualized yield.

AMF Tjanstepension AB lifted its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 52.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 380,241 shares of the blue-jean maker's stock after purchasing an additional 130,731 shares during the quarter. AMF Tjanstepension AB owned approximately 0.10% of Levi Strauss & Co. worth $7,491,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Fund 1 Investments LLC acquired a new stake in Levi Strauss & Co. in the 2nd quarter worth approximately $3,318,000. Engineers Gate Manager LP grew its holdings in Levi Strauss & Co. by 74.3% during the second quarter. Engineers Gate Manager LP now owns 811,600 shares of the blue-jean maker's stock valued at $20,152,000 after purchasing an additional 345,855 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Levi Strauss & Co. by 42.8% during the second quarter. Jones Financial Companies Lllp now owns 180,423 shares of the blue-jean maker's stock valued at $4,428,000 after purchasing an additional 54,107 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Levi Strauss & Co. during the fourth quarter valued at approximately $1,887,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Levi Strauss & Co. during the second quarter valued at approximately $2,203,000. Institutional investors own 69.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LEVI. Needham & Company LLC reiterated a "buy" rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a report on Thursday, October 8th. Raymond James Financial decreased their price target on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Thursday, October 8th. Barclays decreased their price target on shares of Levi Strauss & Co. from $27.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, October 8th. JPMorgan Chase & Co. lowered their price target on Levi Strauss & Co. from $34.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Finally, Telsey Advisory Group lifted their price objective on Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and an average price target of $26.92.

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $21.38 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.63 and a quick ratio of 1.00. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.26 and a beta of 1.32. The company's fifty day moving average is $20.46 and its two-hundred day moving average is $22.26. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.12. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. Equities research analysts forecast that Levi Strauss & Co. will post 1.56 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st will be given a $0.16 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.0%. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 42.67%.

Levi Strauss & Co. Company Profile

Levi Strauss & Co NYSE: LEVI is an apparel company best known for its Levi's brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company's brands include Levi's, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.

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