Levi Strauss & Co. $LEVI Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Levi Strauss & Co. (NYSE:LEVI) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,776,289 shares of the blue-jean maker’s stock after selling 63,683 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.46% of Levi Strauss & Co. worth $44,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Levi Strauss & Co. by 44.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after purchasing an additional 1,296,474 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Levi Strauss & Co. in the 4th quarter valued at approximately $1,449,000. Hsbc Holdings PLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $1,887,000. Vanguard Group Inc. lifted its holdings in Levi Strauss & Co. by 3.8% in the 4th 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, Jones Financial Companies Lllp boosted its position in Levi Strauss & Co. by 42.8% during the second quarter. Jones Financial Companies Lllp now owns 180,423 shares of the blue-jean maker’s stock worth $4,428,000 after acquiring an additional 54,107 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LEVI. Citigroup raised their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Wall Street Zen raised shares of Levi Strauss & Co. from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Wells Fargo & Company restated an “equal weight” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Tuesday, July 28th. Raymond James Financial upped their price objective on shares of Levi Strauss & Co. from $25.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.43.

Levi Strauss & Co. Stock Performance

Shares of LEVI stock opened at $20.44 on Thursday. The company has a market cap of $7.87 billion, a P/E ratio of 12.62, a PEG ratio of 1.34 and a beta of 1.32. The business has a 50 day moving average of $23.50 and a two-hundred day moving average of $22.21. 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 52 week low of $17.72 and a 52 week high of $25.70.

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

Levi Strauss & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a $0.16 dividend. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 3.1%. Levi Strauss & Co.’s dividend payout ratio is currently 39.51%.

Insiders Place Their Bets

In other news, major shareholder Robert D. Haas sold 488,851 shares of Levi Strauss & Co. stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $24.11, for a total transaction of $11,786,197.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $1,145,781.21. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 783,560 shares of company stock worth $18,882,739. 1.08% of the stock is owned by company insiders.

About Levi Strauss & Co.

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.