Wellington Management Group LLP Reduces Position in Levi Strauss & Co. $LEVI

Wellington Management Group LLP lowered its position in shares of Levi Strauss & Co. (NYSE:LEVI) by 35.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,219,151 shares of the blue-jean maker’s stock after selling 1,214,642 shares during the quarter. Wellington Management Group LLP’s holdings in Levi Strauss & Co. were worth $55,102,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fund 1 Investments LLC purchased a new position in Levi Strauss & Co. during the 2nd quarter valued at $3,318,000. Jupiter Topco LLC bought a new position in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $1,052,000. PDT Partners LLC lifted its stake in shares of Levi Strauss & Co. by 45.2% in the 2nd quarter. PDT Partners LLC now owns 358,247 shares of the blue-jean maker’s stock valued at $8,895,000 after purchasing an additional 111,493 shares during the period. Legal & General Group Plc boosted its position in shares of Levi Strauss & Co. by 2.4% during the second quarter. Legal & General Group Plc now owns 63,716 shares of the blue-jean maker’s stock valued at $1,582,000 after purchasing an additional 1,520 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of 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 purchasing an additional 7,827 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Levi Strauss & Co. news, major shareholder Robert Haas sold 488,851 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total transaction of $11,786,197.61. 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. Also, major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of Levi Strauss & Co. stock in a transaction on Thursday, June 11th. The stock was 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 directly owned 145,662 shares of the company’s stock, valued at approximately $3,497,344.62. The trade was 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 90 days, insiders sold 783,560 shares of company stock valued at $18,882,739. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

LEVI has been the subject of several recent research 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. UBS Group reaffirmed a “buy” rating and issued a $34.00 target price on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Raymond James Financial increased their price target on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, July 2nd. Citigroup lifted their price target 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, Telsey Advisory Group upped their price objective on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.43.

Levi Strauss & Co. Price Performance

Shares of NYSE:LEVI opened at $20.66 on Friday. The business has a fifty day moving average price of $23.43 and a 200-day moving average price of $22.21. 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 has a market capitalization of $7.95 billion, a PE ratio of 12.75, a PEG ratio of 1.35 and a beta of 1.32. Levi Strauss & Co. has a 1-year low of $17.72 and a 1-year high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.52 billion. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. Levi Strauss & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. As a group, equities analysts expect 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. Investors of record on Wednesday, July 22nd were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, July 22nd. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 39.51%.

About Levi Strauss & Co.

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.