Bradley J. Haas Sells 85,985 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Bradley J. Haas sold 85,985 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $22.06, for a total value of $1,896,829.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bradley J. Haas also recently made the following trade(s):

• On Thursday, April 4th, Bradley J. Haas sold 14,015 shares of Levi Strauss & Co. stock. The shares were sold at an average price of $22.05, for a total transaction of $309,030.75.
• On Monday, April 1st, Bradley J. Haas sold 26,959 shares of Levi Strauss & Co. stock. The shares were sold at an average price of $20.14, for a total transaction of $542,954.26.
• On Thursday, March 28th, Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41.

Levi Strauss & Co. Stock Down 2.2 %

Shares of NYSE LEVI opened at $21.10 on Friday. The stock has a fifty day moving average price of $19.13 and a 200 day moving average price of $16.76. The company has a current ratio of 1.43, a quick ratio of 0.78 and a debt-to-equity ratio of 0.51. Levi Strauss & Co. has a 12-month low of $12.41 and a 12-month high of $22.39. The company has a market cap of $8.40 billion, a P/E ratio of 68.05, a P/E/G ratio of 1.26 and a beta of 1.22.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. Research analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.28%. Levi Strauss & Co.’s payout ratio is currently 154.84%.

Institutional Investors Weigh In On Levi Strauss & Co.

Large investors have recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC purchased a new position in Levi Strauss & Co. in the 4th quarter valued at about $24,325,000. M. Kulyk & Associates LLC boosted its holdings in Levi Strauss & Co. by 2,096.4% in the third quarter. M. Kulyk & Associates LLC now owns 1,252,500 shares of the blue-jean maker’s stock valued at $17,009,000 after purchasing an additional 1,195,475 shares during the last quarter. Capital Research Global Investors grew its stake in Levi Strauss & Co. by 17.8% during the 4th quarter. Capital Research Global Investors now owns 6,625,378 shares of the blue-jean maker’s stock valued at $109,584,000 after purchasing an additional 1,000,000 shares in the last quarter. Wellington Management Group LLP increased its holdings in Levi Strauss & Co. by 7.6% during the 3rd quarter. Wellington Management Group LLP now owns 8,626,322 shares of the blue-jean maker’s stock worth $117,145,000 after purchasing an additional 610,838 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Levi Strauss & Co. during the 3rd quarter worth approximately $7,105,000. 69.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. UBS Group increased their price target on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Stifel Nicolaus lifted their price target on Levi Strauss & Co. from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, April 4th. TheStreet upgraded shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. JPMorgan Chase & Co. boosted their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Finally, TD Cowen increased their price target on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $20.56.

Levi Strauss & Co. Company Profile

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.