Truist Financial Corp Purchases Shares of 106,366 Levi Strauss & Co. $LEVI

Truist Financial Corp purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 106,366 shares of the blue-jean maker’s stock, valued at approximately $2,478,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its position in Levi Strauss & Co. by 123,970.4% during the second quarter. Balyasny Asset Management L.P. now owns 3,163,649 shares of the blue-jean maker’s stock valued at $58,496,000 after buying an additional 3,166,203 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Levi Strauss & Co. by 83.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock valued at $36,208,000 after purchasing an additional 890,752 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Levi Strauss & Co. by 5.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,725,358 shares of the blue-jean maker’s stock valued at $32,558,000 after acquiring an additional 85,793 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock valued at $24,908,000 after purchasing an additional 52,332 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Levi Strauss & Co. by 37.8% during the second quarter. Bank of America Corp DE now owns 1,570,361 shares of the blue-jean maker’s stock worth $29,036,000 after buying an additional 431,168 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LEVI shares. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, January 29th. BTIG Research reaffirmed a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research report on Thursday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, January 21st. 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, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $26.69.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI opened at $20.54 on Friday. The stock’s fifty day simple moving average is $21.30 and its 200 day simple moving average is $21.45. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.59 and a beta of 1.33. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 0.46. Levi Strauss & Co. has a 52-week low of $12.17 and a 52-week high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Wednesday, January 28th. The blue-jean maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $1.77 billion during 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%.Levi Strauss & Co.’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.400-1.460 EPS. As a group, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.14 per share. The ex-dividend date is Tuesday, February 10th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. Levi Strauss & Co.’s payout ratio is currently 38.36%.

Insider Activity at Levi Strauss & Co.

In related news, SVP David Jedrzejek sold 2,248 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $19.60, for a total value of $44,060.80. Following the completion of the transaction, the senior vice president owned 106,818 shares of the company’s stock, valued at approximately $2,093,632.80. This trade represents a 2.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.25% of the company’s stock.

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.