Levi Strauss & Co. (NYSE:LEVI) Director Sells $708,300.00 in Stock

Levi Strauss & Co. (NYSE:LEVIGet Free Report) Director David A. Friedman sold 35,415 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total value of $708,300.00. Following the completion of the transaction, the director now owns 179,430 shares of the company’s stock, valued at approximately $3,588,600. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Levi Strauss & Co. Trading Down 7.7 %

LEVI stock opened at $18.74 on Wednesday. The company has a quick ratio of 0.75, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.46 billion, a P/E ratio of 29.75, a PEG ratio of 1.27 and a beta of 1.22. The business has a fifty day moving average of $17.97 and a 200-day moving average of $15.96. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $20.36.

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

Levi Strauss & Co. Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group increased their target price on Levi Strauss & Co. from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company reduced 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 note on Friday, January 26th. JPMorgan Chase & Co. reduced their target price on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. TheStreet upgraded Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Finally, Telsey Advisory Group increased their target price on Levi Strauss & Co. from $18.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.10.

View Our Latest Report on LEVI

Institutional Trading of Levi Strauss & Co.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in Levi Strauss & Co. by 7.6% in the third quarter. Wellington Management Group LLP now owns 8,626,322 shares of the blue-jean maker’s stock valued at $117,145,000 after buying an additional 610,838 shares during the period. Vanguard Group Inc. increased its stake 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 worth $138,794,000 after purchasing an additional 97,043 shares during the period. Capital Research Global Investors increased its stake in shares of Levi Strauss & Co. by 17.8% during the fourth quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock worth $109,584,000 after purchasing an additional 1,000,000 shares during the period. Macquarie Group Ltd. increased its stake in shares of Levi Strauss & Co. by 11.7% during the first quarter. Macquarie Group Ltd. now owns 5,989,518 shares of the blue-jean maker’s stock worth $109,189,000 after purchasing an additional 626,601 shares during the period. Finally, FMR LLC increased its stake in shares of Levi Strauss & Co. by 1.8% during the third quarter. FMR LLC now owns 5,913,865 shares of the blue-jean maker’s stock worth $80,310,000 after purchasing an additional 105,924 shares during the period. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

(Get Free Report)

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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