Do You Think Levi-Strauss (LEVI) is a Better Alternative To Cash?

Middle Coast Investing, an investment advisor firm, released its fourth-quarter investor letter. A copy of the letter can be downloaded here. It was a strong quarter for the strategy which outperformed the S&P 500 and the Russell 2000. However, in full year 2024, the strategy beat the Russell 2000, the most relevant benchmark, but trailed the S&P 500, the most important benchmark. In addition, please check the fund’s top five holdings to know its best picks in 2024.

Middle Coast Investing highlighted stocks like Levi Strauss & Co. (NYSE:LEVI), in the fourth quarter 2024 investor letter. Levi Strauss & Co. (NYSE:LEVI) is an apparel manufacturing company that designs and sells apparels and related accessories. The one-month return of Levi Strauss & Co. (NYSE:LEVI) was 2.17%, and its shares gained 9.17% of their value over the last 52 weeks. On January 8, 2025, Levi Strauss & Co. (NYSE:LEVI) stock closed at $17.86 per share with a market capitalization of $7.086 billion.

Middle Coast Investing stated the following regarding Levi Strauss & Co. (NYSE:LEVI) in its Q4 2024 investor letter:

I’ve owned Levi-Strauss (LEVI) briefly before, and am trying again after a ye where its stock nearly doubled from where I bought it, before dropping 30%. This is a small position based on the company’s improving cash flow and balance sheet and the ubiquity of the brand. But it’s also to some degree just a better alternative to cash for one account.

A stylishly dressed man wearing jeans and a jacket from the company, smiling confidently.

Levi Strauss & Co. (NYSE:LEVI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held Levi Strauss & Co. (NYSE:LEVI) at the end of the third quarter which was 27 in the previous quarter. In the third quarter, Levi Strauss & Co.’s (NYSE:LEVI) net revenues increased 2% in constant currency. While we acknowledge the potential of Levi Strauss & Co. (NYSE:LEVI) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In addition, please check out our hedge fund investor letters Q4 2024 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.