Royal Bank of Canada Has $6.63 Million Position in Levi Strauss & Co. $LEVI

Royal Bank of Canada increased its stake in shares of Levi Strauss & Co. (NYSE:LEVI) by 117.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 358,797 shares of the blue-jean maker’s stock after acquiring an additional 193,607 shares during the quarter. Royal Bank of Canada owned approximately 0.09% of Levi Strauss & Co. worth $6,635,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Levi Strauss & Co. in the fourth quarter valued at $26,000. US Bancorp DE boosted its position in shares of Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 833 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after buying an additional 1,879 shares during the period. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Levi Strauss & Co.

In related news, EVP Harmit J. Singh sold 98,144 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $24.22, for a total transaction of $2,377,047.68. Following the completion of the sale, the executive vice president owned 98,747 shares in the company, valued at approximately $2,391,652.34. This trade represents a 49.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Margaret E. Haas sold 47,721 shares of Levi Strauss & Co. stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $1,145,781.21. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,296,009 shares of company stock worth $30,227,170 in the last ninety days. Corporate insiders own 1.08% of the company’s stock.

Levi Strauss & Co. Stock Down 3.4%

Levi Strauss & Co. stock opened at $22.81 on Wednesday. Levi Strauss & Co. has a fifty-two week low of $17.72 and a fifty-two week high of $25.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.98 and a current ratio of 1.60. The firm’s 50-day simple moving average is $24.10 and its 200 day simple moving average is $22.13. The stock has a market cap of $8.78 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Wednesday, July 8th. The blue-jean maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.04. Levi Strauss & Co. had a return on equity of 25.79% and a net margin of 9.66%.The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue 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 predict that Levi Strauss & Co. will post 1.54 EPS for the current fiscal year.

Levi Strauss & Co. Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 5th. Investors of record on Wednesday, July 22nd were issued a $0.16 dividend. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, July 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.8%. Levi Strauss & Co.’s payout ratio is presently 39.51%.

Analyst Upgrades and Downgrades

LEVI has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research note on Thursday, July 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Levi Strauss & Co. in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price objective on Levi Strauss & Co. from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Barclays upped their target price on Levi Strauss & Co. from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Finally, BTIG Research reiterated a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a report on Thursday, July 9th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

About Levi Strauss & Co.

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.