CORDA Investment Management LLC. Has $12.73 Million Stock Position in Levi Strauss & Co. $LEVI

CORDA Investment Management LLC. reduced its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 688,404 shares of the blue-jean maker's stock after selling 16,635 shares during the quarter. CORDA Investment Management LLC. owned approximately 0.17% of Levi Strauss & Co. worth $12,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LEVI. XTX Topco Ltd increased its position in shares of Levi Strauss & Co. by 2.1% during the first quarter. XTX Topco Ltd now owns 32,839 shares of the blue-jean maker's stock worth $512,000 after buying an additional 670 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Levi Strauss & Co. by 35.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,109 shares of the blue-jean maker's stock worth $49,000 after buying an additional 812 shares during the period. Golden State Wealth Management LLC increased its position in shares of Levi Strauss & Co. by 101.5% during the first quarter. Golden State Wealth Management LLC now owns 2,210 shares of the blue-jean maker's stock worth $34,000 after buying an additional 1,113 shares during the period. Cetera Investment Advisers increased its position in shares of Levi Strauss & Co. by 7.5% during the first quarter. Cetera Investment Advisers now owns 16,297 shares of the blue-jean maker's stock worth $254,000 after buying an additional 1,133 shares during the period. Finally, KBC Group NV increased its position in shares of Levi Strauss & Co. by 1.5% during the first quarter. KBC Group NV now owns 116,131 shares of the blue-jean maker's stock worth $1,810,000 after buying an additional 1,689 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Trading Down 1.6%

NYSE:LEVI opened at $20.83 on Monday. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.58 and a beta of 1.30. The firm has a fifty day simple moving average of $22.29 and a two-hundred day simple moving average of $19.31. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released 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. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the firm earned $0.33 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Analysts expect that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Monday, October 20th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, October 20th. Levi Strauss & Co.'s dividend payout ratio (DPR) is 36.84%.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm's 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 document filed with the SEC, which is available through the SEC website. Also, major shareholder Margaret E. Haas sold 50,000 shares of the firm's 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LEVI. Needham & Company LLC began coverage on shares of Levi Strauss & Co. in a research report on Thursday, September 25th. They set a "buy" rating and a $28.00 price objective for the company. Morgan Stanley increased their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th. Stifel Nicolaus increased their price objective on shares of Levi Strauss & Co. from $24.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. raised 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, October 10th. Finally, UBS Group raised 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, October 10th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.42.

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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