Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans Sells 3,494 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans sold 3,494 shares of Levi Strauss & Co. stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $23.86, for a total transaction of $83,366.84. Following the sale, the executive vice president owned 88,705 shares in the company, valued at $2,116,501.30. This represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Levi Strauss & Co. Stock Down 0.9%

Shares of NYSE LEVI traded down $0.21 during trading on Friday, reaching $22.89. 2,488,603 shares of the stock were exchanged, compared to its average volume of 5,345,782. The business’s 50-day moving average price is $20.64 and its 200 day moving average price is $21.74. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.38 and a beta of 1.30.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.36 by $0.12. Levi Strauss & Co. had a return on equity of 27.40% and a net margin of 8.83%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, October 21st. Levi Strauss & Co.’s payout ratio is 42.67%.

Wall Street Analysts Forecast Growth

LEVI has been the topic of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Bank of America decreased their target price on shares of Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. UBS Group reiterated a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. BTIG Research reissued a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, October 8th. Finally, BNP Paribas Exane restated an “outperform” rating and set a $35.00 price target on shares of Levi Strauss & Co. in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.92.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock worth $89,489,000 after purchasing an additional 3,979,223 shares in the last quarter. Eastern Bank purchased a new stake in Levi Strauss & Co. during the second quarter valued at about $60,854,000. The Manufacturers Life Insurance Company lifted its stake in Levi Strauss & Co. by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,644,561 shares of the blue-jean maker’s stock valued at $40,834,000 after buying an additional 7,827 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Levi Strauss & Co. by 8.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,849,014 shares of the blue-jean maker’s stock worth $34,185,000 after buying an additional 148,174 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Levi Strauss & Co. by 12.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,325,256 shares of the blue-jean maker’s stock worth $25,180,000 after buying an additional 148,067 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

About Levi Strauss & Co.

Levi Strauss & Co (NYSE: LEVI) is an apparel company best known for its Levi’s brand of denim jeans and casualwear. Founded in 1853 by Levi Strauss, the company has developed a broad portfolio of apparel, accessories and footwear designed for consumers worldwide.

The company’s brands include Levi’s, Dockers, Beyond Yoga and Signature by Levi Strauss & Co Its products are sold through company-operated and franchised stores, e-commerce platforms, department stores, specialty retailers and other wholesale channels.

Levi Strauss & Co serves customers across the Americas, Europe and Asia, with operations spanning product design, marketing, distribution and retail.