Jensen Investment Management Inc. Sells 26,900 Shares of Levi Strauss & Co. $LEVI

Jensen Investment Management Inc. trimmed its holdings in Levi Strauss & Co. (NYSE:LEVI) by 14.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 157,900 shares of the blue-jean maker’s stock after selling 26,900 shares during the quarter. Jensen Investment Management Inc.’s holdings in Levi Strauss & Co. were worth $2,920,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LEVI. Millennium Management LLC grew its stake in shares of Levi Strauss & Co. by 65.1% in the first quarter. Millennium Management LLC now owns 3,110,200 shares of the blue-jean maker’s stock worth $48,488,000 after acquiring an additional 1,226,205 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Levi Strauss & Co. by 14.3% in the first quarter. The Manufacturers Life Insurance Company now owns 2,189,815 shares of the blue-jean maker’s stock worth $34,139,000 after purchasing an additional 273,247 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Levi Strauss & Co. by 5.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,725,358 shares of the blue-jean maker’s stock worth $32,558,000 after purchasing an additional 85,793 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock valued at $24,908,000 after buying an additional 52,332 shares during the period. Finally, OFI Invest Asset Management boosted its stake in shares of Levi Strauss & Co. by 37.7% in the 2nd quarter. OFI Invest Asset Management now owns 1,420,596 shares of the blue-jean maker’s stock worth $26,267,000 after buying an additional 389,176 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Insider Activity

In related news, major shareholder Margaret E. Haas sold 50,000 shares of Levi Strauss & Co. stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.14, for a total transaction of $1,207,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder E. Haas Jr. Family Fund Peter sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $24.19, for a total value of $3,628,500.00. The disclosure for this sale is available in the SEC filing. Company insiders own 1.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LEVI shares. Bank of America increased their target price on Levi Strauss & Co. from $26.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Zacks Research cut shares of Levi Strauss & Co. from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. BTIG Research began coverage on shares of Levi Strauss & Co. in a research report on Tuesday, October 14th. They set a “buy” rating and a $27.00 target price for the company. UBS Group increased their price target on shares of Levi Strauss & Co. from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, Citigroup boosted their price objective on shares of Levi Strauss & Co. from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $26.42.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI opened at $21.43 on Friday. The firm has a fifty day moving average price of $21.99 and a 200-day moving average price of $20.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.87. The stock has a market cap of $8.37 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.62 and a beta of 1.37. Levi Strauss & Co. has a 1 year low of $12.17 and a 1 year high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Thursday, October 9th. The blue-jean maker reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Levi Strauss & Co. had a net margin of 9.48% and a return on equity of 27.92%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Levi Strauss & Co. has set its FY 2025 guidance at 1.270-1.320 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, November 4th. Investors of record on Monday, October 20th were given a dividend of $0.14 per share. The ex-dividend date was Monday, October 20th. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 36.84%.

About Levi Strauss & Co.

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.