Levi Strauss & Co. (NYSE:LEVI) Stock: Insider David Jedrzejek Sells 3,091 Shares

Levi Strauss & Co. (NYSE:LEVI) SVP David Jedrzejek sold 3,091 shares of the firm’s stock in a transaction dated Tuesday, November 10th. The shares were sold at an average price of $24.00, for a total transaction of $74,184.00. Following the completion of the sale, the senior vice president owned 97,178 shares in the company, valued at $2,332,272. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Levi Strauss & Co. Stock Up 1.1%

Shares of Levi Strauss & Co. stock traded up $0.27 during trading on Tuesday, reaching $24.37. The company’s stock had a trading volume of 2,389,911 shares, compared to its average volume of 2,891,000. The company has a market cap of $9.35 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.43 and a beta of 1.30. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43. The company has a 50-day simple moving average of $20.69 and a two-hundred day simple moving average of $21.75. Levi Strauss & Co. has a 1-year low of $17.72 and a 1-year high of $25.70.

Levi Strauss & Co. (NYSE:LEVI) last released its earnings results on Wednesday, October 7th. The blue-jean maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.12. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. Levi Strauss & Co.’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.34 EPS. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.56 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Wednesday, October 21st were paid a $0.16 dividend. The ex-dividend date was Wednesday, October 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio is presently 42.67%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LEVI. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Thursday, October 8th. Weiss Ratings downgraded shares of Levi Strauss & Co. from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 20th. TD Cowen started coverage on shares of Levi Strauss & Co. in a research note on Friday, October 30th. They set a “strong-buy” rating on the stock. Citigroup cut their price target on Levi Strauss & Co. from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, Wall Street Zen downgraded shares of Levi Strauss & Co. from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.92.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently modified their holdings of the company. Nykredit A S acquired a new stake in shares of Levi Strauss & Co. during the second quarter worth about $36,000. Essential Partners LLC lifted its holdings in Levi Strauss & Co. by 42.1% during the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock worth $45,000 after buying an additional 532 shares in the last quarter. CENTRAL TRUST Co purchased a new position in Levi Strauss & Co. in the 3rd quarter valued at approximately $71,000. Nisa Investment Advisors LLC boosted its position in Levi Strauss & Co. by 479.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,042 shares of the blue-jean maker’s stock valued at $80,000 after buying an additional 3,345 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Levi Strauss & Co. in the third quarter worth $96,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

Levi Strauss & Co. is a global apparel company best known for its Levi’s denim jeans. Founded in 1853 by Levi Strauss, the company has grown from a San Francisco dry-goods business into a designer, marketer and distributor of jeans, casual apparel and related accessories. Its portfolio includes the Levi’s, Dockers and Beyond Yoga brands. Products are sold through wholesale partners and the company’s own retail stores and e-commerce channels in markets around the world. Michelle Gass became president and chief executive officer in January 2024.