69,875 Shares in Levi Strauss & Co. $LEVI Purchased by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. acquired a new position in Levi Strauss & Co. (NYSE:LEVI) during the 4th quarter, HoldingsChannel reports. The fund acquired 69,875 shares of the blue-jean maker’s stock, valued at approximately $1,449,000.

Several other hedge funds have also added to or reduced their stakes in LEVI. US Bancorp DE raised its position in 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. raised its position in 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 worth $26,000 after acquiring an additional 833 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after acquiring an additional 1,879 shares during the period. LSV Asset Management bought a new stake in Levi Strauss & Co. in the third quarter worth about $117,000. Finally, Headlands Technologies LLC raised its position in Levi Strauss & Co. by 17,721.6% in the second quarter. Headlands Technologies LLC now owns 6,594 shares of the blue-jean maker’s stock worth $122,000 after acquiring an additional 6,557 shares during the period. Institutional investors own 69.14% of the company’s stock.

Trending Headlines about Levi Strauss & Co.

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Analysts continue to rate Levi Strauss as a “Moderate Buy”, suggesting Wall Street still sees upside potential, with a consensus target price above the current share price. Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Recent commentary highlighted Levi Strauss’ direct-to-consumer growth as a key driver of revenue expansion, reinforcing the company’s fundamental momentum. Levi Strauss Gains as DTC Continues to Fuel Revenue Growth
• Neutral Sentiment: Levi Strauss recently reported better-than-expected quarterly results, with earnings and revenue both topping estimates, which continues to support the stock’s longer-term valuation.
• Negative Sentiment: Major shareholder Robert D. Haas sold 192,451 shares in a pre-arranged transaction, a sizable insider sale that can dampen investor sentiment. SEC filing for Robert D. Haas sale
• Negative Sentiment: Additional insider selling by Peter Haas Jr. Family Fund and Margaret E. Haas added to concerns about insider confidence, even though the trades were made under 10b5-1 plans. SEC filing for Peter Haas Jr. Family Fund sale SEC filing for Margaret E. Haas sale

Levi Strauss & Co. Stock Performance

NYSE LEVI opened at $23.24 on Friday. The company’s 50 day moving average is $21.28 and its 200-day moving average is $21.17. Levi Strauss & Co. has a 12-month low of $16.50 and a 12-month high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.94 billion, a P/E ratio of 14.80, a price-to-earnings-growth ratio of 1.75 and a beta of 1.35.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts predict that Levi Strauss & Co. will post 1.5 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. Levi Strauss & Co.’s payout ratio is 35.67%.

Wall Street Analyst Weigh In

LEVI has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a research report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price objective on the stock. UBS Group lifted their price objective on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research report on Monday, May 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.79.

Insider Buying and Selling

In other news, major shareholder Robert D. Haas sold 5,832 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $24.00, for a total value of $139,968.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder E. Haas Jr. Family Fund Peter sold 4,338 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $24.00, for a total transaction of $104,112.00. Following the completion of the sale, the insider directly owned 4,338 shares in the company, valued at approximately $104,112. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 783,154 shares of company stock valued at $17,630,460. Corporate insiders own 1.08% of the company’s stock.

Levi Strauss & Co. Company 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.