Broad Peak Investment Advisers Pte Ltd Acquires New Position in Levi Strauss & Co. $LEVI

Key Points

• Broad Peak Investment Advisers purchased 333,900 shares of Levi Strauss & Co. valued at approximately $6.17 million, making it their 11th largest position.
• Major shareholders sold a combined total of 200,000 shares recently, with transactions averaging around $24.15, highlighting active insider trading.
• Levi Strauss & Co. reported an earnings per share of $0.34 for the most recent quarter, exceeding expectations and showing a year-over-year revenue increase of 7%.

Broad Peak Investment Advisers Pte Ltd bought a new stake in Levi Strauss & Co. (NYSE:LEVI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 333,900 shares of the blue-jean maker's stock, valued at approximately $6,174,000. Levi Strauss & Co. makes up 1.9% of Broad Peak Investment Advisers Pte Ltd's holdings, making the stock its 11th largest position. Broad Peak Investment Advisers Pte Ltd owned 0.08% of Levi Strauss & Co. at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LEVI. SG Americas Securities LLC boosted its position in Levi Strauss & Co. by 143.6% in the first quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock valued at $460,000 after buying an additional 17,376 shares in the last quarter. Figure 8 Investment Strategies LLC boosted its position in Levi Strauss & Co. by 4.4% in the first quarter. Figure 8 Investment Strategies LLC now owns 53,036 shares of the blue-jean maker's stock valued at $827,000 after buying an additional 2,240 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Levi Strauss & Co. by 101.5% in the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock valued at $34,000 after buying an additional 1,113 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Levi Strauss & Co. by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock valued at $49,000 after buying an additional 812 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Levi Strauss & Co. by 6.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock valued at $26,856,000 after buying an additional 97,781 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. 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 disclosure for this sale can be found here. 1.25% of the stock is owned by insiders.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $21.19 on Tuesday. The firm has a market cap of $8.38 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 1.62 and a beta of 1.30. The firm's fifty day moving average is $22.20 and its 200-day moving average is $19.16. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. Levi Strauss & Co. has a 52 week low of $12.17 and a 52 week high of $24.82.

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

Levi Strauss & Co. Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, October 20th. This represents a $0.56 annualized dividend and a yield of 2.6%. Levi Strauss & Co.'s payout ratio is presently 36.84%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LEVI shares. Stifel Nicolaus raised their target price on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Bank of America lifted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday. Weiss Ratings reiterated a "hold (c)" rating on shares of Levi Strauss & Co. in a report on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a "buy" rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.36.

Levi Strauss & Co. 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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