Seth M. Ellison Sells 23,135 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Seth M. Ellison sold 23,135 shares of the firm’s stock in a transaction on Friday, September 10th. The stock was sold at an average price of $27.00, for a total transaction of $624,645.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE LEVI opened at $26.51 on Wednesday. Levi Strauss & Co. has a 1-year low of $11.91 and a 1-year high of $30.84. The company has a market cap of $10.65 billion, a PE ratio of 36.82 and a beta of 1.14. The company has a current ratio of 1.83, a quick ratio of 1.30 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $27.33 and a two-hundred day moving average of $26.89.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Wednesday, July 7th. The blue-jean maker reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.14. Levi Strauss & Co. had a net margin of 5.78% and a return on equity of 25.98%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm posted ($0.48) earnings per share. The company’s revenue was up 156.5% on a year-over-year basis. As a group, equities research analysts forecast that Levi Strauss & Co. will post 1.34 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 18th. Investors of record on Monday, August 2nd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Levi Strauss & Co.’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, July 30th. Levi Strauss & Co.’s payout ratio is 152.38%.

LEVI has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on shares of Levi Strauss & Co. in a research report on Wednesday, July 14th. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Investment Research upgraded shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Saturday, July 3rd. Stifel Nicolaus began coverage on shares of Levi Strauss & Co. in a research report on Monday, August 2nd. They set a “buy” rating and a $38.00 target price on the stock. Telsey Advisory Group lifted their target price on shares of Levi Strauss & Co. from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 9th. Finally, Evercore ISI lifted their target price on shares of Levi Strauss & Co. from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, July 9th. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $32.77.

Several institutional investors and hedge funds have recently bought and sold shares of LEVI. FMR LLC bought a new stake in shares of Levi Strauss & Co. during the first quarter worth approximately $14,917,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Levi Strauss & Co. by 16.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,421 shares of the blue-jean maker’s stock worth $177,000 after buying an additional 1,037 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Levi Strauss & Co. during the first quarter valued at approximately $10,299,000. Capital Investment Counsel Inc grew its holdings in Levi Strauss & Co. by 17.4% during the first quarter. Capital Investment Counsel Inc now owns 13,470 shares of the blue-jean maker’s stock valued at $322,000 after purchasing an additional 2,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Levi Strauss & Co. by 71.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 90,100 shares of the blue-jean maker’s stock valued at $2,154,000 after purchasing an additional 37,600 shares during the period. 18.00% of the stock is owned by institutional investors and hedge funds.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.

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

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