90,473 Shares in Levi Strauss & Co. $LEVI Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in shares of Levi Strauss & Co. (NYSE:LEVI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,473 shares of the blue-jean maker’s stock, valued at approximately $1,887,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Levi Strauss & Co. by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock worth $193,312,000 after acquiring an additional 342,009 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Levi Strauss & Co. by 44.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after purchasing an additional 1,296,474 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Levi Strauss & Co. by 9.3% in the third quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after purchasing an additional 294,053 shares during the period. GW&K Investment Management LLC increased its position in Levi Strauss & Co. by 31.5% during the fourth quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock worth $46,034,000 after purchasing an additional 531,963 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Levi Strauss & Co. by 83.4% during the second quarter. Ameriprise Financial Inc. now owns 1,958,271 shares of the blue-jean maker’s stock worth $36,208,000 after purchasing an additional 890,752 shares during the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Key Levi Strauss & Co. News

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Levi Strauss beat Q2 estimates with revenue of $1.56 billion and EPS of $0.28, while also raising full-year sales and earnings guidance, signaling solid demand and improving fundamentals. Levi Strauss beats Q2 estimates, raises full-year outlook and dividend
• Positive Sentiment: The board announced a 14.3% quarterly dividend increase to $0.16 per share, and a separate dividend-hike roundup highlighted LEVI as one of the companies boosting payouts during volatile markets. 3 Stocks in Focus That Declared Dividend Hikes Amid Ongoing Volatility
• Positive Sentiment: BTIG Research and Needham both reiterated Buy ratings, reinforcing the view that the post-earnings pullback may be overdone. Levi Strauss & Co. Given Buy Rating at BTIG Research

Analysts Set New Price Targets

Several research firms have weighed in on LEVI. Barclays boosted their target price on shares of Levi Strauss & Co. from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Friday. Citigroup upped their price objective on Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Monday, June 29th. UBS Group restated a “buy” rating and issued a $34.00 target price on shares of Levi Strauss & Co. in a research report on Thursday. Telsey Advisory Group upped their price target on Levi Strauss & Co. from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Finally, BTIG Research reiterated a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a report on Thursday. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.46.

Levi Strauss & Co. Trading Up 2.0%

Shares of LEVI stock traded up $0.47 during trading hours on Friday, hitting $24.31. The company had a trading volume of 5,508,669 shares, compared to its average volume of 3,024,346. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.60 and a quick ratio of 0.97. The stock has a market capitalization of $9.35 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 1.78 and a beta of 1.33. The company’s fifty day moving average is $23.13 and its 200 day moving average is $21.65. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.58.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a net margin of 9.66% and a return on equity of 25.79%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the firm earned $0.22 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Levi Strauss & Co. has set its FY 2026 guidance at 1.460-1.520 EPS. Research analysts expect that Levi Strauss & Co. will post 1.54 earnings per share for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 22nd. This is a positive change from Levi Strauss & Co.’s previous quarterly dividend of $0.14. Levi Strauss & Co.’s dividend payout ratio is currently 35.67%.

Insider Activity

In other news, major shareholder Robert D. Haas sold 488,851 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction of $11,786,197.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harmit J. Singh sold 121,767 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $23.52, for a total transaction of $2,863,959.84. Following the completion of the transaction, the executive vice president directly owned 148,757 shares of the company’s stock, valued at approximately $3,498,764.64. The trade was a 45.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,468,570 shares of company stock worth $34,136,152 in the last quarter. Insiders own 1.08% 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.