Insider Selling: Levi Strauss & Co. (NYSE:LEVI) EVP Sells $83,366.84 in Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Jason Gowans sold 3,494 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $23.86, for a total value of $83,366.84. Following the completion of the sale, the executive vice president owned 88,705 shares in the company, valued at $2,116,501.30. The trade was a 3.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Levi Strauss & Co. Trading Up 0.1%

NYSE:LEVI opened at $22.89 on Monday. The company has a market cap of $8.78 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30. Levi Strauss & Co. has a twelve month low of $17.72 and a twelve month high of $25.70. The business has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $21.74. The company has a quick ratio of 1.00, a current ratio of 1.63 and a debt-to-equity ratio of 0.43.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, October 7th. The blue-jean maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.12. Levi Strauss & Co. had a net margin of 8.83% and a return on equity of 27.40%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $0.34 earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. Levi Strauss & Co. has set its FY 2026 guidance at 1.540-1.560 EPS. As a group, analysts expect that Levi Strauss & Co. will post 1.56 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Wednesday, October 21st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.8%. The ex-dividend date was Wednesday, October 21st. Levi Strauss & Co.’s payout ratio is presently 42.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BTIG Research restated a “buy” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Thursday, October 8th. Barclays lowered their target price on Levi Strauss & Co. from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Thursday, October 8th. BNP Paribas Exane reiterated an “outperform” rating and set a $35.00 target price on shares of Levi Strauss & Co. in a report on Friday, October 9th. UBS Group reissued a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 23rd. Finally, Bank of America reduced their price target on Levi Strauss & Co. from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $26.92.

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S bought a new stake in Levi Strauss & Co. in the second quarter valued at approximately $36,000. Essential Partners LLC boosted its stake in shares of Levi Strauss & Co. by 42.1% during the 2nd quarter. Essential Partners LLC now owns 1,795 shares of the blue-jean maker’s stock worth $45,000 after acquiring an additional 532 shares during the period. CENTRAL TRUST Co bought a new position in shares of Levi Strauss & Co. during the 3rd quarter worth approximately $71,000. Nisa Investment Advisors LLC boosted its stake in shares of Levi Strauss & Co. by 479.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,042 shares of the blue-jean maker’s stock worth $80,000 after acquiring an additional 3,345 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Levi Strauss & Co. during the 3rd quarter worth approximately $96,000. 69.14% of the stock is owned by institutional investors.

About Levi Strauss & Co.

Levi Strauss & Co is a global apparel company best known for its Levi’s denim jeans. Founded in 1853 by Levi Strauss, the company has grown from a San Francisco dry-goods business into a designer, marketer and distributor of jeans, casual apparel and related accessories.

Its portfolio includes the Levi’s, Dockers and Beyond Yoga brands. Products are sold through wholesale partners and the company’s own retail stores and e-commerce channels in markets around the world.

Michelle Gass became president and chief executive officer in January 2024.