Sanctuary Advisors LLC Takes Position in Levi Strauss & Co. $LEVI

Sanctuary Advisors LLC bought a new position in Levi Strauss & Co. (NYSE:LEVI) in the 2nd quarter, HoldingsChannel reports. The fund bought 32,003 shares of the blue-jean maker’s stock, valued at approximately $795,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Levi Strauss & Co. by 44.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock worth $88,014,000 after purchasing an additional 1,296,474 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Levi Strauss & Co. in the fourth quarter worth approximately $1,449,000. Hsbc Holdings PLC purchased a new stake in Levi Strauss & Co. in the fourth quarter valued at approximately $1,887,000. Vanguard Group Inc. raised its stake in Levi Strauss & Co. by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock valued at $193,312,000 after purchasing an additional 342,009 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position in Levi Strauss & Co. by 31.5% during the fourth quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock valued at $46,034,000 after purchasing an additional 531,963 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Insider Buying and Selling

In related news, EVP Harmit J. Singh sold 98,144 shares of Levi Strauss & Co. stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total value of $2,377,047.68. Following the transaction, the executive vice president directly owned 98,747 shares of the company’s stock, valued at $2,391,652.34. The trade was a 49.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $1,145,781.21. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 783,560 shares of company stock worth $18,882,739. Company insiders own 1.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on LEVI. Barclays boosted their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Telsey Advisory Group upped their target price on shares of Levi Strauss & Co. from $27.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their target price on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Finally, UBS Group reissued a “buy” rating and issued a $34.00 target price on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.43.

Levi Strauss & Co. Stock Up 1.3%

Shares of NYSE:LEVI opened at $21.33 on Friday. The stock’s 50-day moving average price is $23.68 and its 200-day moving average price is $22.24. Levi Strauss & Co. has a 12-month low of $17.72 and a 12-month high of $25.70. The stock has a market capitalization of $8.21 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The company has a current ratio of 1.60, a quick ratio of 0.98 and a debt-to-equity ratio of 0.46.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The company had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.52 billion. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.Levi Strauss & Co.’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.54 earnings per share for the current year.

Levi Strauss & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Shareholders of record on Wednesday, July 22nd were given a $0.16 dividend. The ex-dividend date was Wednesday, July 22nd. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 3.0%. Levi Strauss & Co.’s dividend payout ratio is presently 39.51%.

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.