Squarepoint Ops LLC Acquires 24,612 Shares of Levi Strauss & Co. $LEVI

Squarepoint Ops LLC lifted its holdings in Levi Strauss & Co. (NYSE:LEVI) by 49.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 74,599 shares of the blue-jean maker’s stock after acquiring an additional 24,612 shares during the period. Squarepoint Ops LLC’s holdings in Levi Strauss & Co. were worth $1,379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. acquired a new position in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $307,000. Headlands Technologies LLC boosted its stake in shares of Levi Strauss & Co. by 17,721.6% in the second quarter. Headlands Technologies LLC now owns 6,594 shares of the blue-jean maker’s stock valued at $122,000 after buying an additional 6,557 shares during the period. Oxford Asset Management LLP acquired a new stake in Levi Strauss & Co. during the second quarter worth approximately $347,000. Man Group plc grew its position in Levi Strauss & Co. by 170.6% during the second quarter. Man Group plc now owns 198,510 shares of the blue-jean maker’s stock worth $3,670,000 after buying an additional 125,150 shares in the last quarter. Finally, HRT Financial LP increased its stake in Levi Strauss & Co. by 199.3% during the 2nd quarter. HRT Financial LP now owns 99,808 shares of the blue-jean maker’s stock worth $1,845,000 after acquiring an additional 66,460 shares during the period. Institutional investors and hedge funds own 69.14% of the company’s stock.

Insider Buying and Selling at Levi Strauss & Co.

In related news, major shareholder Margaret E. Haas sold 50,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total value of $3,628,500.00. The SEC filing for this sale provides additional information. Company insiders own 1.25% of the company’s stock.

Levi Strauss & Co. Stock Down 1.1%

LEVI stock opened at $21.67 on Friday. The firm has a 50-day moving average price of $21.22 and a 200-day moving average price of $20.89. Levi Strauss & Co. has a 12 month low of $12.17 and a 12 month high of $24.82. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $8.47 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 1.47 and a beta of 1.34.

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

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th were paid 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 was Monday, October 20th. Levi Strauss & Co.’s dividend payout ratio is presently 36.84%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LEVI shares. Telsey Advisory Group reiterated an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Friday, October 10th. JPMorgan Chase & Co. increased their price objective on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Bank of America raised their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Finally, UBS Group increased their price target on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.42.

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.