Levi Strauss & Co. to Issue Quarterly Dividend of $0.14 (NYSE:LEVI)

Key Points

• Levi Strauss & Co. declared a quarterly dividend of $0.14 per share, set to be paid on November 4th to shareholders on record as of October 20th, with an annualized dividend yield of 2.3%.
• The company reported a quarterly earnings per share (EPS) of $0.34, exceeding analysts' estimates of $0.31, and recorded revenue of $1.54 billion for the quarter.
• Insider selling activity includes major shareholders unloading approximately 201,150 shares valued at around $4.86 million in the past 90 days, with insiders currently owning 1.25% of the company's stock.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) declared a quarterly dividend on Thursday, October 9th. Shareholders of record on Monday, October 20th will be paid a dividend of 0.14 per share by the blue-jean maker on Tuesday, November 4th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, October 20th.

Levi Strauss & Co. has a dividend payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Levi Strauss & Co. to earn $1.39 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 37.4%.

Levi Strauss & Co. Trading Down 0.3%

Shares of LEVI opened at $24.59 on Friday. The stock's 50-day moving average is $22.13 and its two-hundred day moving average is $19.04. The stock has a market cap of $9.73 billion, a PE ratio of 24.10, a P/E/G ratio of 1.85 and a beta of 1.30. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.85.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.50 billion. Levi Strauss & Co. had a return on equity of 28.75% and a net margin of 6.40%.The firm's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Equities analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder Margaret E. Haas sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The disclosure for this sale can be found here. Insiders have sold 201,150 shares of company stock worth $4,860,018 in the last 90 days. 1.25% of the stock is currently owned by insiders.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake in Levi Strauss & Co. by 87.6% during the first quarter. Teacher Retirement System of Texas now owns 53,967 shares of the blue-jean maker's stock valued at $841,000 after buying an additional 25,197 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Levi Strauss & Co. during the 1st quarter worth approximately $402,000. SG Americas Securities LLC raised its position in shares of Levi Strauss & Co. by 143.6% during the 1st quarter. SG Americas Securities LLC now owns 29,479 shares of the blue-jean maker's stock worth $460,000 after purchasing an additional 17,376 shares during the period. Nuveen LLC acquired a new stake in shares of Levi Strauss & Co. during the 1st quarter worth approximately $3,259,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Levi Strauss & Co. by 6.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,639,565 shares of the blue-jean maker's stock worth $26,856,000 after purchasing an additional 97,781 shares during the period. Institutional investors and hedge funds own 69.14% 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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