KLP Kapitalforvaltning AS Has $1.13 Million Stock Position in Levi Strauss & Co. $LEVI

Key Points

• KLP Kapitalforvaltning AS increased its stake in Levi Strauss & Co. by 49.9%, owning 61,000 shares worth approximately $1.13 million.
• Levi Strauss & Co. announced a quarterly dividend of $0.14 per share, yielding 2.6%, which will be paid on November 4th.
• The company reported a net margin of 9.48% for the last quarter, with a revenue of $1.54 billion, exceeding analyst expectations.

KLP Kapitalforvaltning AS boosted its position in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 49.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 61,000 shares of the blue-jean maker's stock after purchasing an additional 20,300 shares during the period. KLP Kapitalforvaltning AS's holdings in Levi Strauss & Co. were worth $1,128,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LEVI. SG Americas Securities LLC raised its holdings in Levi Strauss & Co. by 143.6% in the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock valued at $460,000 after acquiring an additional 17,376 shares during the period. Figure 8 Investment Strategies LLC raised its holdings in Levi Strauss & Co. by 4.4% in the 1st quarter. Figure 8 Investment Strategies LLC now owns 53,036 shares of the blue-jean maker's stock valued at $827,000 after acquiring an additional 2,240 shares during the period. Golden State Wealth Management LLC raised its holdings in Levi Strauss & Co. by 101.5% in 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 acquiring an additional 1,113 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Levi Strauss & Co. by 35.4% in 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 acquiring an additional 812 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Levi Strauss & Co. by 6.3% in the 1st 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 acquiring an additional 97,781 shares during the period. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Stock Up 0.8%

Levi Strauss & Co. stock opened at $21.34 on Wednesday. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82. The firm has a 50 day moving average price of $22.23 and a 200-day moving average price of $19.18. The company has a market capitalization of $8.44 billion, a P/E ratio of 14.04, a P/E/G ratio of 1.61 and a beta of 1.30. 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 announced its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 EPS 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 company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the company posted $0.33 EPS. Levi Strauss & Co.'s 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. As a group, equities 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. Stockholders of record on Monday, October 20th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, October 20th. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 36.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LEVI. Zacks Research cut shares of Levi Strauss & Co. from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. BTIG Research began coverage on shares of Levi Strauss & Co. in a report on Tuesday. They set a "buy" rating and a $27.00 price target on the stock. Needham & Company LLC began coverage on shares of Levi Strauss & Co. in a report on Thursday, September 25th. They set a "buy" rating and a $28.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, 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, October 10th. Ten equities 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.com, Levi Strauss & Co. has a consensus rating of "Moderate Buy" and a consensus target price of $26.42.

Insider Activity

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. stock in a transaction dated 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of Levi Strauss & Co. 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. Company insiders own 1.25% of the company's stock.

About Levi Strauss & Co.

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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