5 Best Mid-Cap Dividend Stocks To Buy Now

4. Levi Strauss & Co. (NYSE:LEVI)

Number of Hedge Fund Holders: 25

Dividend Yield as of November 2: 3.16%

Levi Strauss & Co. (NYSE:LEVI) is an apparel company that designs, markets, and sells jeans, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. The company sells its products under the Levi’s, Dockers, Signature by Levi Strauss & Co., and Denizen brands. Levi Strauss & Co. (NYSE:LEVI) is one of the premier mid-cap dividend stocks to consider. 

On October 10, Citi analyst Paul Lejuez maintained a Buy rating on Levi Strauss & Co. (NYSE:LEVI) but lowered the price target on the shares to $19 from $27 after the Q3 miss. Levi Strauss & Co. (NYSE:LEVI) is not immune to the macro backdrop across the globe and will likely face turbulent results in the coming quarters, the analyst told investors in a research note. However, “relative brand strength/stability and valuation keep us more positive on this one versus most apparel players in this environment,” added the analyst.

Among the hedge funds tracked by Insider Monkey, Levi Strauss & Co. (NYSE:LEVI) was part of 25 public stock portfolios at the end of Q2 2022, compared to 26 in the prior quarter. Richard Scott Greeder’s Broad Bay Capital is the leading position holder in the company, with 1.3 million shares worth $22.3 million.