Cwm LLC Acquires 29,467 Shares of Levi Strauss & Co. $LEVI

Key Points

• Cwm LLC increased its holdings in Levi Strauss & Co. by 321.1%, acquiring an additional 29,467 shares during the second quarter, bringing its total to 38,645 shares valued at approximately $715,000.
• Major shareholders sold a combined 200,000 shares on October 1st, with Margaret E. Haas selling 50,000 shares for around $1.2 million and the E. Haas Jr. Family Fund Peter selling 150,000 shares for approximately $3.6 million.
• Levi Strauss & Co. reported a $0.34 EPS for the quarter, surpassing estimates, and announced a quarterly dividend of $0.14 per share to be paid on November 4th.

Cwm LLC grew its holdings in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 321.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,645 shares of the blue-jean maker's stock after buying an additional 29,467 shares during the period. Cwm LLC's holdings in Levi Strauss & Co. were worth $715,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted 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 valued at $34,000 after buying an additional 1,113 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Levi Strauss & Co. during the 1st quarter valued at $38,000. Mirae Asset Global Investments Co. Ltd. boosted 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 valued at $49,000 after buying an additional 812 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $51,000 after buying an additional 1,879 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Levi Strauss & Co. in the 1st quarter worth about $81,000. Institutional investors own 69.14% of the company's stock.

Insider Activity at Levi Strauss & Co.

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total value of $1,207,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the stock in a transaction that occurred 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. 1.25% of the stock is owned by corporate insiders.

Levi Strauss & Co. Price Performance

LEVI opened at $21.33 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.52. The stock has a market capitalization of $8.33 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.61 and a beta of 1.30. The company's 50-day simple moving average is $22.33 and its two-hundred day simple moving average is $19.44. 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 posted 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 analysts' expectations of $1.50 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 4th. Shareholders of record on Monday, October 20th will be paid a dividend of $0.14 per share. 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 dividend payout ratio is currently 36.84%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LEVI shares. Citigroup upped their price target on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Needham & Company LLC started coverage on shares of Levi Strauss & Co. in a research note on Thursday, September 25th. They issued a "buy" rating and a $28.00 price target on the stock. JPMorgan Chase & Co. upped their price target on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Levi Strauss & Co. in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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