Levi Strauss & Co. $LEVI Shares Purchased by State Street Corp

Key Points

• State Street increased its Levi Strauss position by 7.6% in the second quarter, adding 69,437 shares for a total of 983,097 shares valued at approximately $24.4 million. Institutional investors collectively own 69.14% of the company.
• Analysts maintain a favorable outlook, with 12 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $27.43 versus the stock’s reported $19.74 price.
• Levi Strauss exceeded quarterly expectations with $0.28 in earnings per share and $1.56 billion in revenue, while raising its quarterly dividend to $0.16 per share. Executive Vice President Harmit Singh separately sold 98,144 shares for about $2.38 million.

State Street Corp lifted its position in shares of Levi Strauss & Co. (NYSE:LEVI - Free Report) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 983,097 shares of the blue-jean maker's stock after purchasing an additional 69,437 shares during the quarter. State Street Corp owned approximately 0.26% of Levi Strauss & Co. worth $24,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC bought a new stake in Levi Strauss & Co. during the fourth quarter worth about $26,000. Nykredit A S bought a new position in Levi Strauss & Co. in the 2nd quarter valued at $36,000. Essential Partners LLC raised its position in Levi Strauss & Co. by 42.1% in the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker's stock valued at $45,000 after purchasing an additional 532 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Levi Strauss & Co. by 417,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,180 shares of the blue-jean maker's stock worth $87,000 after purchasing an additional 4,179 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Levi Strauss & Co. during the second quarter worth approximately $127,000. Institutional investors own 69.14% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LEVI. Weiss Ratings reiterated a "buy (b-)" rating on shares of Levi Strauss & Co. in a research report on Monday, August 3rd. UBS Group reiterated a "buy" rating on shares of Levi Strauss & Co. in a research report on Wednesday. Wall Street Zen raised shares of Levi Strauss & Co. from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 20th. Citigroup increased their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. lifted their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.43.

Levi Strauss & Co. Trading Up 0.1%

Levi Strauss & Co. stock opened at $19.74 on Friday. The firm has a 50-day moving average of $22.06 and a 200-day moving average of $22.03. Levi Strauss & Co. has a one year low of $17.72 and a one year high of $25.70. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.98. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 1.30 and a beta of 1.32.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, equities analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Levi Strauss & Co.'s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, July 22nd. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 39.51%.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, EVP Harmit Singh sold 98,144 shares of the company's stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the transaction, the executive vice president directly owned 98,747 shares in the company, valued at $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its Levi's brand of denim jeans and related clothing. Its product portfolio includes jeans, tops, jackets, footwear, accessories and other casualwear, sold through company-operated stores, digital channels, wholesale partners and distributors.

Founded in 1853 by Levi Strauss, the company is headquartered in San Francisco, California. In addition to Levi's, its brand portfolio includes Dockers, Beyond Yoga, Signature by Levi Strauss & Co and Denizen.

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