CORDA Investment Management LLC. Sells 106,589 Shares of Levi Strauss & Co. $LEVI

CORDA Investment Management LLC. reduced its holdings in shares of Levi Strauss & Co. (NYSE:LEVI) by 15.8% in the first quarter, HoldingsChannel.com reports. The fund owned 567,003 shares of the blue-jean maker’s stock after selling 106,589 shares during the quarter. CORDA Investment Management LLC.’s holdings in Levi Strauss & Co. were worth $10,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of Levi Strauss & Co. by 44.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock worth $88,014,000 after buying an additional 1,296,474 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Levi Strauss & Co. by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock valued at $193,312,000 after acquiring an additional 342,009 shares during the period. Jupiter Asset Management Ltd. bought a new position in Levi Strauss & Co. during the fourth quarter worth $1,449,000. Broad Peak Investment Advisers Pte Ltd grew its holdings in Levi Strauss & Co. by 66.5% in the fourth quarter. Broad Peak Investment Advisers Pte Ltd now owns 445,300 shares of the blue-jean maker’s stock worth $9,236,000 after purchasing an additional 177,800 shares during the period. Finally, UBS Group AG grew its holdings in Levi Strauss & Co. by 24.6% in the fourth quarter. UBS Group AG now owns 1,566,880 shares of the blue-jean maker’s stock worth $32,497,000 after purchasing an additional 309,546 shares during the period. 69.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Levi Strauss & Co.

In other news, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.01, for a total value of $3,497,344.62. Following the completion of the sale, the insider owned 145,662 shares in the company, valued at $3,497,344.62. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karyn Hillman sold 38,938 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total transaction of $892,069.58. Following the transaction, the executive vice president directly owned 91,522 shares in the company, valued at $2,096,769.02. The trade was a 29.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,468,570 shares of company stock worth $34,136,152. 1.08% of the stock is currently owned by insiders.

Levi Strauss & Co. News Roundup

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

• Positive Sentiment: Levi Strauss beat Q2 estimates with revenue of $1.56 billion and EPS of $0.28, while also raising full-year sales and earnings guidance, signaling solid demand and improving fundamentals. Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
• Positive Sentiment: The board announced a 14.3% quarterly dividend increase to $0.16 per share, and a separate dividend-hike roundup highlighted LEVI as one of the companies boosting payouts during volatile markets. 3 Stocks in Focus That Declared Dividend Hikes Amid Ongoing Volatility
• Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings, reinforcing the view that the post-earnings pullback may be overdone. Levi Strauss & Co. Given Buy Rating at BTIG Research

Wall Street Analysts Forecast Growth

LEVI has been the topic of a number of research analyst reports. TD Cowen reissued a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research note on Thursday. UBS Group reiterated a “buy” rating and issued a $34.00 price target on shares of Levi Strauss & Co. in a report on Thursday. Barclays raised their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on Levi Strauss & Co. from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $27.46.

Levi Strauss & Co. Trading Down 0.0%

LEVI opened at $24.31 on Monday. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.58. The firm has a market capitalization of $9.35 billion, a PE ratio of 15.01, a P/E/G ratio of 1.60 and a beta of 1.33. 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’s 50-day moving average is $23.13 and its 200 day moving average is $21.65.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.6%. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is currently 34.57%.

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.