Wellington Management Group LLP Trims Stock Holdings in Levi Strauss & Co. $LEVI

Key Points

• Wellington Management cut its Levi Strauss stake by 35.4% in the second quarter, selling 1.21 million shares and retaining 2.22 million shares worth approximately $55.1 million. Institutional investors collectively own 69.14% of the company.
• Levi Strauss reported quarterly EPS of $0.28, exceeding estimates of $0.24, while revenue rose 8% year over year to $1.56 billion. The company also increased its quarterly dividend to $0.16, equivalent to a 3.1% annualized yield.
• Analyst sentiment remains favorable, with 12 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $27.43, above the reported share price of $20.66.

Wellington Management Group LLP lowered its holdings in Levi Strauss & Co. (NYSE:LEVI - Free Report) by 35.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,219,151 shares of the blue-jean maker's stock after selling 1,214,642 shares during the period. Wellington Management Group LLP owned approximately 0.58% of Levi Strauss & Co. worth $55,102,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new stake in Levi Strauss & Co. during the 4th quarter valued at $26,000. US Bancorp DE boosted its holdings in shares of Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock worth $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock valued at $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Levi Strauss & Co. during the 4th quarter valued at $39,000. Finally, Essential Partners LLC lifted its holdings in Levi Strauss & Co. by 42.1% during the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker's stock worth $45,000 after purchasing an additional 532 shares in the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Price Performance

LEVI stock opened at $20.66 on Friday. The firm has a 50 day simple moving average of $23.43 and a two-hundred day simple moving average of $22.21. The stock has a market cap of $7.95 billion, a PE ratio of 12.75, a P/E/G ratio of 1.35 and a beta of 1.32. 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.

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

Levi Strauss & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Stockholders of record on Wednesday, July 22nd were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 22nd. This is an increase from Levi Strauss & Co.'s previous quarterly dividend of $0.14. Levi Strauss & Co.'s dividend payout ratio (DPR) is currently 39.51%.

Analyst Ratings Changes

Several brokerages recently commented on LEVI. Wall Street Zen raised shares of Levi Strauss & Co. from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 16th. Barclays upped their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, July 10th. UBS Group reissued a "buy" rating and set a $34.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. JPMorgan Chase & Co. boosted their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.43.

Insider Transactions at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the transaction, the insider directly owned 145,662 shares of the company's stock, valued at approximately $3,497,344.62. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $1,145,781.21. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 783,560 shares of company stock valued at $18,882,739. 1.08% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company's flagship label, Levi's®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi's, cater to diverse price points and consumer segments.

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