Boothbay Fund Management LLC Increases Position in Levi Strauss & Co. $LEVI

Boothbay Fund Management LLC boosted its holdings in Levi Strauss & Co. (NYSE:LEVI) by 37.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 251,568 shares of the blue-jean maker’s stock after buying an additional 68,185 shares during the period. Boothbay Fund Management LLC owned 0.06% of Levi Strauss & Co. worth $5,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new position in Levi Strauss & Co. during the third quarter valued at $2,540,000. Envestnet Asset Management Inc. increased its stake in Levi Strauss & Co. by 2,268.2% during the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock worth $5,566,000 after acquiring an additional 228,796 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Levi Strauss & Co. by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,210,669 shares of the blue-jean maker’s stock valued at $22,391,000 after purchasing an additional 24,728 shares during the last quarter. Truist Financial Corp bought a new position in Levi Strauss & Co. during the third quarter valued at $2,478,000. Finally, Formula Growth Ltd. purchased a new stake in Levi Strauss & Co. in the 2nd quarter worth about $874,000. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Trading Down 1.1%

Shares of Levi Strauss & Co. stock opened at $17.92 on Monday. The company has a market cap of $7.00 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.28. The firm has a 50-day simple moving average of $21.04 and a two-hundred day simple moving average of $21.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.94 and a current ratio of 1.55. Levi Strauss & Co. has a fifty-two week low of $12.17 and a fifty-two week high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data on Wednesday, January 28th. The blue-jean maker reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Levi Strauss & Co. had a return on equity of 25.08% and a net margin of 9.20%.The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same period last year, the company earned $0.50 earnings per share. Levi Strauss & Co.’s quarterly revenue was up .9% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.400-1.460 EPS. As a group, equities analysts predict that Levi Strauss & Co. will post 1.27 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Tuesday, February 10th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, February 10th. Levi Strauss & Co.’s payout ratio is presently 38.36%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group started coverage on Levi Strauss & Co. in a research note on Wednesday, February 4th. They issued a “buy” rating and a $25.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, January 21st. Raymond James Financial started coverage on shares of Levi Strauss & Co. in a report on Tuesday, December 23rd. They issued an “outperform” rating and a $26.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research report on Thursday, January 29th. Finally, UBS Group reaffirmed a “buy” rating on shares of Levi Strauss & Co. in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.69.

Insider Buying and Selling

In related news, SVP David Jedrzejek sold 2,248 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $19.60, for a total transaction of $44,060.80. Following the completion of the sale, the senior vice president directly owned 106,818 shares in the company, valued at approximately $2,093,632.80. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Gowans sold 40,000 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $21.83, for a total transaction of $873,200.00. Following the sale, the executive vice president directly owned 92,199 shares of the company’s stock, valued at $2,012,704.17. The trade was a 30.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,341 shares of company stock worth $1,068,909 over the last ninety days. Corporate 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.