Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $2,113,000.00 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Robert Haas sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $21.13, for a total value of $2,113,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Levi Strauss & Co. Stock Down 1.0%

Shares of NYSE LEVI traded down $0.21 during midday trading on Tuesday, hitting $20.76. 2,236,445 shares of the stock traded hands, compared to its average volume of 2,737,732. The company has a market cap of $7.98 billion, a PE ratio of 13.22, a P/E/G ratio of 1.59 and a beta of 1.35. Levi Strauss & Co. has a one year low of $16.50 and a one year high of $24.82. The business has a 50 day moving average price of $20.60 and a two-hundred day moving average price of $21.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.37 by $0.05. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts predict that Levi Strauss & Co. will post 1.5 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. Levi Strauss & Co.’s payout ratio is presently 35.67%.

Institutional Trading of Levi Strauss & Co.

Several hedge funds have recently made changes to their positions in LEVI. Measured Wealth Private Client Group LLC bought a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at $26,000. US Bancorp DE raised its stake in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock valued at $26,000 after acquiring an additional 833 shares during the period. Kestra Advisory Services LLC bought a new stake in Levi Strauss & Co. in the 4th quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Levi Strauss & Co. by 133.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock valued at $51,000 after acquiring an additional 1,879 shares during the period. 69.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Levi Strauss & Co. in a research report on Wednesday, February 4th. They set a “buy” rating and a $25.00 target price on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. Raymond James Financial reaffirmed an “outperform” rating and set a $25.00 target price on shares of Levi Strauss & Co. in a research report on Monday, May 4th. BTIG Research reaffirmed a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Finally, UBS Group lifted their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $26.69.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.