Y Intercept Hong Kong Ltd Trims Position in Levi Strauss & Co. $LEVI

Y Intercept Hong Kong Ltd trimmed its position in Levi Strauss & Co. (NYSE:LEVI) by 35.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,981 shares of the blue-jean maker’s stock after selling 12,143 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Levi Strauss & Co. were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in Levi Strauss & Co. in the 1st quarter worth approximately $19,779,000. Millennium Management LLC raised its position in shares of Levi Strauss & Co. by 65.1% in the first quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker’s stock worth $48,488,000 after buying an additional 1,226,205 shares in the last quarter. MetLife Investment Management LLC bought a new stake in Levi Strauss & Co. during the first quarter valued at $10,966,000. OFI Invest Asset Management boosted its stake in Levi Strauss & Co. by 37.7% during the second quarter. OFI Invest Asset Management now owns 1,420,596 shares of the blue-jean maker’s stock valued at $26,267,000 after buying an additional 389,176 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new position in Levi Strauss & Co. during the second quarter worth about $6,174,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Stock Up 1.4%

Shares of NYSE:LEVI opened at $20.29 on Friday. The stock has a market capitalization of $7.93 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.51 and a beta of 1.37. The stock’s 50-day moving average price is $22.09 and its 200-day moving average price is $19.94. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a 12-month low of $12.17 and a 12-month high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $0.33 EPS. Levi Strauss & Co.’s quarterly revenue was up 7.0% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th were issued a $0.14 dividend. The ex-dividend date was Monday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 36.84%.

Analyst Ratings Changes

Several research firms have weighed in on LEVI. Citigroup raised their price target on Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Barclays boosted their price target on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, September 26th. Needham & Company LLC initiated coverage on shares of Levi Strauss & Co. in a research report on Thursday, September 25th. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of Levi Strauss & Co. from $22.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.42.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.19, for a total value of $3,628,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Margaret E. Haas sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The disclosure for this sale is available in the SEC filing. 1.25% of the stock is owned by insiders.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.