Levi Strauss & Co. $LEVI Shares Newly Bought by Vest Financial LLC

Key Points

• Vest Financial LLC purchased 95,189 Levi Strauss shares during the third quarter, valued at approximately $1.875 million. Institutional investors collectively own 69.14% of the company.
• Analysts maintain a generally positive outlook, with 11 Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $26.92, despite several recent target reductions.
• Levi Strauss reported quarterly EPS of $0.48, beating estimates of $0.36, while revenue rose 4.3% year over year to $1.61 billion. The company also declared a $0.16 quarterly dividend, equivalent to a 3.0% annualized yield.

Vest Financial LLC purchased a new stake in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 95,189 shares of the blue-jean maker's stock, valued at approximately $1,875,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LEVI. Bank of New York Mellon Corp lifted its position in shares of Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker's stock worth $89,489,000 after acquiring an additional 3,979,223 shares during the period. Eastern Bank bought a new stake in shares of Levi Strauss & Co. during the second quarter valued at approximately $60,854,000. The Manufacturers Life Insurance Company raised its stake in shares of Levi Strauss & Co. by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker's stock valued at $40,834,000 after purchasing an additional 7,827 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Levi Strauss & Co. by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,849,014 shares of the blue-jean maker's stock valued at $34,185,000 after purchasing an additional 148,174 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Levi Strauss & Co. by 12.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,325,256 shares of the blue-jean maker's stock valued at $25,180,000 after purchasing an additional 148,067 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LEVI. TD Cowen lowered their price target on shares of Levi Strauss & Co. from $28.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, October 15th. Barclays reduced their price objective 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. Weiss Ratings lowered shares of Levi Strauss & Co. from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. BNP Paribas Exane reissued an "outperform" rating and issued a $35.00 target price on shares of Levi Strauss & Co. in a research note on Friday, October 9th. Finally, Wells Fargo & Company dropped their price target on shares of Levi Strauss & Co. from $25.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.92.

Levi Strauss & Co. Stock Down 0.9%

Shares of NYSE LEVI opened at $21.17 on Friday. The stock has a market cap of $8.12 billion, a PE ratio of 13.43, a PEG ratio of 1.28 and a beta of 1.32. The business has a fifty day moving average of $20.43 and a two-hundred day moving average of $22.25. Levi Strauss & Co. has a 52-week low of $17.72 and a 52-week high of $25.70. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.63.

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

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, October 21st. Levi Strauss & Co.'s payout ratio is presently 42.67%.

About Levi Strauss & Co.

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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