Levi Strauss & Co. $LEVI Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lessened its stake in Levi Strauss & Co. (NYSE:LEVI) by 42.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 134,551 shares of the blue-jean maker’s stock after selling 98,808 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Levi Strauss & Co. were worth $3,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LEVI. Balyasny Asset Management L.P. grew its holdings in Levi Strauss & Co. by 123,970.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock worth $58,496,000 after acquiring an additional 3,166,203 shares in the last quarter. Millennium Management LLC lifted its position in shares of Levi Strauss & Co. by 65.1% during the first quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker’s stock worth $48,488,000 after purchasing an additional 1,226,205 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Levi Strauss & Co. by 83.4% during the second quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock worth $36,208,000 after purchasing an additional 890,752 shares during the last quarter. Hook Mill Capital Partners LP acquired a new position in Levi Strauss & Co. in the second quarter worth about $14,103,000. Finally, Fisher Asset Management LLC increased its holdings in Levi Strauss & Co. by 121.1% in the second quarter. Fisher Asset Management LLC now owns 1,272,867 shares of the blue-jean maker’s stock valued at $23,535,000 after buying an additional 697,214 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Trading Up 2.1%

NYSE:LEVI opened at $21.25 on Tuesday. The firm has a market capitalization of $8.30 billion, a P/E ratio of 13.98, a P/E/G ratio of 1.40 and a beta of 1.33. The business has a 50 day simple moving average of $21.20 and a 200 day simple moving average of $21.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. 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, topping the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.33 earnings per share. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Equities research analysts predict that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 4th. Investors of record on Monday, October 20th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, October 20th. Levi Strauss & Co.’s dividend payout ratio (DPR) is 36.84%.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of research analyst reports. Zacks Research downgraded Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. BTIG Research assumed coverage on Levi Strauss & Co. in a research report on Tuesday, October 14th. They set a “buy” rating and a $27.00 price target on the stock. Needham & Company LLC began coverage on shares of Levi Strauss & Co. in a report on Thursday, September 25th. They issued a “buy” rating and a $28.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research note on Friday, October 10th. Finally, Barclays increased their target price on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, September 26th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.38.

Levi Strauss & Co. 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.