Levi Strauss & Co. (NYSE:LEVI) Director Sells $74,988.00 in Stock

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 4,166 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $18.00, for a total transaction of $74,988.00. Following the completion of the sale, the director now owns 104,178 shares in the company, valued at $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Levi Strauss & Co. Trading Up 1.3 %

NYSE:LEVI opened at $17.90 on Friday. The company has a market cap of $7.10 billion, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a twelve month low of $14.87 and a twelve month high of $24.34. The business has a 50 day moving average price of $17.17 and a two-hundred day moving average price of $18.39. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LEVI shares. Barclays began coverage on shares of Levi Strauss & Co. in a report on Wednesday. They issued an “overweight” rating and a $24.00 target price on the stock. Stifel Nicolaus reduced their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. TD Cowen cut their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average price target of $22.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. in the 3rd quarter valued at $27,000. 272 Capital LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at about $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. in the second quarter valued at about $56,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock worth $112,000 after acquiring an additional 4,966 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Levi Strauss & Co. during the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.