David A. Friedman Sells 35,415 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVIGet Free Report) Director David A. Friedman sold 35,415 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.00, for a total transaction of $708,300.00. Following the completion of the sale, the director now owns 179,430 shares of the company’s stock, valued at approximately $3,588,600. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Levi Strauss & Co. Stock Down 7.7 %

Shares of Levi Strauss & Co. stock opened at $18.74 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.75. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.27 and a beta of 1.22. The firm’s 50-day moving average is $17.97 and its two-hundred day moving average is $15.96. Levi Strauss & Co. has a 1 year low of $12.41 and a 1 year high of $20.36.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 EPS. As a group, research analysts expect that Levi Strauss & Co. will post 1.22 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Wednesday, February 7th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.48 annualized dividend and a yield of 2.56%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 76.19%.

Analysts Set New Price Targets

Several research analysts have issued reports on LEVI shares. Telsey Advisory Group boosted their target price on Levi Strauss & Co. from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. TheStreet upgraded Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. UBS Group upped their price objective on Levi Strauss & Co. from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Wells Fargo & Company decreased their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $17.10.

Get Our Latest Research Report on Levi Strauss & Co.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Kapitalo Investimentos Ltda lifted its stake in shares of Levi Strauss & Co. by 577.3% during the 4th quarter. Kapitalo Investimentos Ltda now owns 30,709 shares of the blue-jean maker’s stock worth $508,000 after purchasing an additional 26,175 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Levi Strauss & Co. by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker’s stock valued at $138,794,000 after buying an additional 97,043 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Levi Strauss & Co. by 18.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock valued at $20,601,000 after buying an additional 196,270 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Levi Strauss & Co. in the 4th quarter worth approximately $590,000. Finally, GTS Securities LLC raised its stake in shares of Levi Strauss & Co. by 272.7% during the 4th quarter. GTS Securities LLC now owns 69,389 shares of the blue-jean maker’s stock worth $1,148,000 after acquiring an additional 50,773 shares in the last quarter. 69.14% of the stock is owned by institutional investors.

About Levi Strauss & Co.

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Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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

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