Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $1,145,781.21 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Margaret Haas sold 47,721 shares of Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $1,145,781.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Levi Strauss & Co. Trading Down 0.9%

LEVI traded down $0.22 on Friday, hitting $24.02. The company had a trading volume of 2,017,893 shares, compared to its average volume of 2,666,474. The firm has a market cap of $9.24 billion, a P/E ratio of 15.30, a PEG ratio of 1.72 and a beta of 1.34. 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. has a 1 year low of $16.50 and a 1 year high of $24.82. The company’s fifty day moving average price is $22.13 and its 200 day moving average price is $21.31.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The firm’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts expect that Levi Strauss & Co. will post 1.51 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a yield of 2.3%. Levi Strauss & Co.’s dividend payout ratio is 35.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Levi Strauss & Co. during the 4th quarter worth $26,000. US Bancorp DE boosted its position in 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 buying an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in 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 buying an additional 833 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after acquiring an additional 1,879 shares during the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $25.00 price objective on shares of Levi Strauss & Co. in a report on Monday, May 4th. Telsey Advisory Group restated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. BTIG Research reiterated a “buy” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. TD Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and an average price target of $26.79.

Levi Strauss & Co. Company Profile

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.