Levi Strauss & Co. $LEVI Stock Holdings Lifted by Engineers Gate Manager LP

Engineers Gate Manager LP increased its holdings in Levi Strauss & Co. (NYSE:LEVI) by 74.3% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 811,600 shares of the blue-jean maker’s stock after buying an additional 345,855 shares during the period. Engineers Gate Manager LP’s holdings in Levi Strauss & Co. were worth $20,152,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN raised its stake in Levi Strauss & Co. by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 132,304 shares of the blue-jean maker’s stock worth $2,744,000 after acquiring an additional 465 shares during the period. Essential Partners LLC boosted its stake in Levi Strauss & Co. by 42.1% in the second quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock valued at $45,000 after acquiring an additional 532 shares during the period. US Bancorp DE boosted its stake 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 valued at $26,000 after acquiring an additional 810 shares during the period. Figure 8 Investment Strategies LLC grew its holdings in shares of Levi Strauss & Co. by 1.6% during the second quarter. Figure 8 Investment Strategies LLC now owns 52,056 shares of the blue-jean maker’s stock valued at $1,293,000 after purchasing an additional 830 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Levi Strauss & Co. by 140.7% during 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 during the last quarter. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Price Performance

NYSE LEVI opened at $20.36 on Thursday. Levi Strauss & Co. has a 12 month low of $17.72 and a 12 month 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 firm has a market capitalization of $7.83 billion, a PE ratio of 12.57, a P/E/G ratio of 1.37 and a beta of 1.32. The company’s 50 day simple moving average is $23.13 and its 200 day simple moving average is $22.17.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. The firm had revenue of $1.56 billion for 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 firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, equities research analysts forecast 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 paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 39.51%.

Insider Buying and Selling at Levi Strauss & Co.

In other news, EVP Harmit Singh sold 98,144 shares of the company’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $24.22, for a total value of $2,377,047.68. Following the completion of the sale, the executive vice president owned 98,747 shares in the company, valued at $2,391,652.34. This represents a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $34.00 price target on shares of Levi Strauss & Co. in a report on Thursday, July 9th. BTIG Research restated a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Levi Strauss & Co. in a report on Monday, August 3rd. Citigroup lifted their price objective on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Finally, Raymond James Financial boosted their target price on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.43.

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.