Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Robert Haas Sells 100,000 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Robert Haas sold 100,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $21.13, for a total transaction of $2,113,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Levi Strauss & Co. Trading Down 1.0%

Shares of LEVI stock opened at $20.76 on Wednesday. Levi Strauss & Co. has a 1 year low of $16.50 and a 1 year high of $24.82. The firm’s fifty day simple moving average is $20.62 and its 200 day simple moving average is $21.04. The firm has a market capitalization of $7.98 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Levi Strauss & Co.’s revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts predict that Levi Strauss & Co. will post 1.5 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 2.7%. Levi Strauss & Co.’s payout ratio is 35.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

Several institutional investors and hedge funds have recently made changes to their positions in LEVI. Measured Wealth Private Client Group LLC acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter valued at $26,000. US Bancorp DE boosted its stake in shares of Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after purchasing an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $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 $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 purchasing an additional 1,879 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LEVI. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. UBS Group lifted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, April 1st. Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, February 4th. They set a “buy” rating and a $25.00 price target on the stock. Finally, Raymond James Financial reiterated an “outperform” rating and set a $25.00 price target on shares of Levi Strauss & Co. in a research note on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Levi Strauss & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $26.69.

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.