AMF Tjanstepension AB Acquires Shares of 172,045 Levi Strauss & Co. $LEVI

AMF Tjanstepension AB acquired a new stake in Levi Strauss & Co. (NYSE:LEVI) in the first quarter, HoldingsChannel.com reports. The fund acquired 172,045 shares of the blue-jean maker’s stock, valued at approximately $3,181,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Fifth Third Bancorp increased its holdings in shares of Levi Strauss & Co. by 212,880.0% in the first quarter. Fifth Third Bancorp now owns 10,649 shares of the blue-jean maker’s stock valued at $197,000 after purchasing an additional 10,644 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Levi Strauss & Co. during the 1st quarter worth about $201,000. Swedbank AB acquired a new stake in shares of Levi Strauss & Co. during the 1st quarter worth about $24,799,000. Capricorn Fund Managers Ltd acquired a new stake in shares of Levi Strauss & Co. during the 1st quarter worth about $3,051,000. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Levi Strauss & Co. by 18.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 15,084 shares of the blue-jean maker’s stock worth $279,000 after buying an additional 2,402 shares during the period. 69.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on LEVI shares. UBS Group restated a “buy” rating and set a $34.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday. Telsey Advisory Group upped their target price on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Barclays increased their target price on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday. Wall Street Zen raised Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. Finally, TD Cowen restated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.46.

Insider Transactions at Levi Strauss & Co.

In other news, major shareholder Robert D. Haas sold 488,851 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total value of $11,786,197.61. The transaction was disclosed in a document filed 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 the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the sale, the insider owned 145,662 shares of the company’s stock, valued at approximately $3,497,344.62. This trade represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,468,570 shares of company stock valued at $34,136,152. 1.08% of the stock is currently owned by corporate insiders.

Levi Strauss & Co. News Summary

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Levi Strauss beat Q2 estimates with revenue of $1.56 billion and EPS of $0.28, while also raising full-year sales and earnings guidance, signaling solid demand and improving fundamentals. Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
• Positive Sentiment: The board announced a 14.3% quarterly dividend increase to $0.16 per share, and a separate dividend-hike roundup highlighted LEVI as one of the companies boosting payouts during volatile markets. 3 Stocks in Focus That Declared Dividend Hikes Amid Ongoing Volatility
• Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings, reinforcing the view that the post-earnings pullback may be overdone. Levi Strauss & Co. Given Buy Rating at BTIG Research

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $24.31 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.46. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.58. The company has a market cap of $9.35 billion, a P/E ratio of 15.01, a P/E/G ratio of 1.60 and a beta of 1.33. The business has a fifty day simple moving average of $23.13 and a 200 day simple moving average of $21.65.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd will be given a $0.16 dividend. This is a boost from Levi Strauss & Co.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, July 22nd. Levi Strauss & Co.’s dividend payout ratio is 34.57%.

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.