Bridgefront Capital LLC Acquires New Position in Levi Strauss & Co. $LEVI

Bridgefront Capital LLC bought a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 40,845 shares of the blue-jean maker’s stock, valued at approximately $952,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Levi Strauss & Co. by 3.2% in the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after acquiring an additional 277,835 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Levi Strauss & Co. by 9.3% in the third quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after acquiring an additional 294,053 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Levi Strauss & Co. by 83.4% in the second quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock valued at $36,208,000 after acquiring an additional 890,752 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Levi Strauss & Co. by 9.2% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,908,682 shares of the blue-jean maker’s stock valued at $44,472,000 after purchasing an additional 160,855 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Levi Strauss & Co. by 7.6% in the third quarter. Bank of America Corp DE now owns 1,690,099 shares of the blue-jean maker’s stock valued at $39,379,000 after purchasing an additional 119,738 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LEVI shares. Jefferies Financial Group began coverage on Levi Strauss & Co. in a report on Wednesday, February 4th. They set a “buy” rating and a $25.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, January 21st. Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, February 24th. Finally, Raymond James Financial assumed coverage on shares of Levi Strauss & Co. in a report on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 target price on the stock. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.69.

Insider Buying and Selling

In related news, EVP Jason Gowans sold 40,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $21.83, for a total value of $873,200.00. Following the transaction, the executive vice president directly owned 92,199 shares of the company’s stock, valued at $2,012,704.17. This trade represents a 30.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Jedrzejek sold 2,248 shares of Levi Strauss & Co. stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $19.60, for a total transaction of $44,060.80. Following the sale, the senior vice president owned 106,818 shares in the company, valued at $2,093,632.80. This represents a 2.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 49,341 shares of company stock worth $1,068,909. 1.25% of the stock is owned by corporate insiders.

Levi Strauss & Co. Stock Down 1.1%

Shares of NYSE LEVI opened at $17.92 on Friday. The business has a 50-day moving average of $21.04 and a two-hundred day moving average of $21.53. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.94.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, January 28th. The blue-jean maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. Levi Strauss & Co. had a return on equity of 25.08% and a net margin of 9.20%.The business’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter last year, the company earned $0.50 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.400-1.460 EPS. On average, analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $0.56 dividend on an annualized basis and a yield of 3.1%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 38.36%.

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.