Insider Buying: Levi Strauss & Co. (NYSE:LEVI) Director Buys $45,129.12 in Stock

Levi Strauss & Co. (NYSE:LEVI) Director Christopher J. Mccormick bought 3,786 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $45,129.12. Following the completion of the acquisition, the director now directly owns 60,115 shares in the company, valued at $716,570.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Shares of LEVI stock opened at $12.33 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.30 and a debt-to-equity ratio of 1.29. The stock has a 50 day simple moving average of $13.41 and a 200-day simple moving average of $15.07. The company has a market cap of $4.89 billion, a price-to-earnings ratio of -1,233.00 and a beta of 1.33. Levi Strauss & Co. has a 12-month low of $9.09 and a 12-month high of $20.70.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Tuesday, July 7th. The blue-jean maker reported ($0.48) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.37) by ($0.11). The business had revenue of $498.00 million for the quarter, compared to analyst estimates of $564.36 million. Levi Strauss & Co. had a return on equity of 13.47% and a net margin of 0.19%. The company’s revenue was down 62.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts forecast that Levi Strauss & Co. will post -0.24 earnings per share for the current fiscal year.

LEVI has been the topic of several research reports. Guggenheim reissued a “buy” rating and set a $16.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, July 15th. Telsey Advisory Group lowered their price target on Levi Strauss & Co. from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, July 8th. Zacks Investment Research downgraded Levi Strauss & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, July 9th. Morgan Stanley lifted their target price on Levi Strauss & Co. from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 8th. Finally, Citigroup reissued a “buy” rating and issued a $17.00 target price (down previously from $18.00) on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $18.56.

Large investors have recently bought and sold shares of the company. FMR LLC purchased a new position in shares of Levi Strauss & Co. in the 1st quarter valued at about $14,917,000. Great West Life Assurance Co. Can acquired a new position in Levi Strauss & Co. during the fourth quarter worth about $54,000. Credit Suisse AG grew its position in Levi Strauss & Co. by 41.7% during the fourth quarter. Credit Suisse AG now owns 53,344 shares of the blue-jean maker’s stock worth $1,029,000 after buying an additional 15,711 shares during the period. Stifel Financial Corp increased its holdings in Levi Strauss & Co. by 15.3% in the fourth quarter. Stifel Financial Corp now owns 49,012 shares of the blue-jean maker’s stock valued at $945,000 after buying an additional 6,522 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Levi Strauss & Co. by 115.1% during the 4th quarter. UBS Group AG now owns 119,269 shares of the blue-jean maker’s stock valued at $2,300,000 after acquiring an additional 63,833 shares during the period. 13.79% of the stock is currently owned by institutional investors and hedge funds.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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