Levi Strauss & Co. $LEVI Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 42.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 134,551 shares of the blue-jean maker’s stock after selling 98,808 shares during the period. Corbyn Investment Management Inc. MD’s holdings in Levi Strauss & Co. were worth $3,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new position in Levi Strauss & Co. in the third quarter valued at $2,540,000. Capricorn Fund Managers Ltd purchased a new position in shares of Levi Strauss & Co. in the 3rd quarter worth about $1,165,000. Harbor Capital Advisors Inc. lifted its stake in shares of Levi Strauss & Co. by 7.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 27,904 shares of the blue-jean maker’s stock valued at $650,000 after purchasing an additional 1,938 shares in the last quarter. OFI Invest Asset Management lifted its stake in shares of Levi Strauss & Co. by 3.2% in the 3rd quarter. OFI Invest Asset Management now owns 1,465,353 shares of the blue-jean maker’s stock valued at $34,143,000 after purchasing an additional 44,757 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Levi Strauss & Co. during the 3rd quarter worth about $764,000. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LEVI shares. Bank of America raised their price target on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price objective on shares of Levi Strauss & Co. from $23.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Morgan Stanley increased their price objective on shares of Levi Strauss & Co. from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Barclays raised their target price on shares of Levi Strauss & Co. from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Levi Strauss & Co. in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $26.38.

Levi Strauss & Co. Price Performance

Shares of LEVI stock opened at $21.25 on Tuesday. The company has a market capitalization of $8.30 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. The firm has a fifty day simple moving average of $21.20 and a 200-day simple moving average of $21.23. The company has a current ratio of 1.52, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a twelve month low of $12.17 and a twelve month high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Thursday, October 9th. The blue-jean maker reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.03. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue 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. Equities research analysts anticipate that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 4th. Investors 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 yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio is currently 36.84%.

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.