Capricorn Fund Managers Ltd Takes Position in Levi Strauss & Co. $LEVI

Capricorn Fund Managers Ltd purchased a new position in shares of Levi Strauss & Co. (NYSE:LEVI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 50,000 shares of the blue-jean maker’s stock, valued at approximately $1,165,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 833 shares during the last quarter. Hara Capital LLC lifted its stake in shares of Levi Strauss & Co. by 8,080.0% during the 2nd quarter. Hara Capital LLC now owns 2,045 shares of the blue-jean maker’s stock valued at $38,000 after buying an additional 2,020 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after buying an additional 1,879 shares during the period. First Command Advisory Services Inc. purchased a new position in Levi Strauss & Co. in the 2nd quarter valued at approximately $71,000. Finally, Headlands Technologies LLC grew its stake in Levi Strauss & Co. by 17,721.6% in the 2nd quarter. Headlands Technologies LLC now owns 6,594 shares of the blue-jean maker’s stock valued at $122,000 after buying an additional 6,557 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI opened at $21.11 on Friday. The stock’s 50-day simple moving average is $21.21 and its two-hundred day simple moving average is $21.05. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82. The firm has a market capitalization of $8.25 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Levi Strauss & Co. had a return on equity of 27.92% and a net margin of 9.48%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Stockholders of record on Monday, October 20th were issued a $0.14 dividend. The ex-dividend date of this dividend was Monday, October 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. Levi Strauss & Co.’s dividend payout ratio is presently 36.84%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LEVI. UBS Group increased their target price on Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Bank of America increased their price objective on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. BTIG Research initiated coverage on Levi Strauss & Co. in a report on Tuesday, October 14th. They set a “buy” rating and a $27.00 target price for the company. Wall Street Zen cut Levi Strauss & Co. from a “buy” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Morgan Stanley increased their price target on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $26.38.

Insider Buying and Selling at Levi Strauss & Co.

In other news, major shareholder Margaret E. Haas sold 50,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $24.14, for a total transaction of $1,207,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total transaction of $3,628,500.00. The SEC filing for this sale provides additional information. 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.