Levi Strauss & Co. (NYSE:LEVI - Get Free Report) major shareholder Bradley J. Haas sold 23,041 shares of the firm's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.01, for a total transaction of $461,050.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Levi Strauss & Co. Stock Up 3.2 %
LEVI opened at $19.99 on Friday. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $20.02. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.75 and a current ratio of 1.48. The company has a market capitalization of $7.96 billion, a P/E ratio of 31.73, a P/E/G ratio of 1.27 and a beta of 1.21. The stock has a fifty day moving average of $17.82 and a 200-day moving average of $15.85.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm earned $0.34 earnings per share. The company's revenue was up 3.4% on a year-over-year basis. On average, equities analysts expect that Levi Strauss & Co. will post 1.22 EPS for the current year.
Levi Strauss & Co. Announces Dividend
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The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Wednesday, February 7th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Tuesday, February 6th. Levi Strauss & Co.'s payout ratio is currently 76.19%.
Analyst Upgrades and Downgrades
LEVI has been the subject of several research reports. Telsey Advisory Group raised their price target on Levi Strauss & Co. from $18.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday. JPMorgan Chase & Co. cut their price target on Levi Strauss & Co. from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, January 26th. Wells Fargo & Company cut their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an "equal weight" rating for the company in a report on Friday, January 26th. UBS Group raised their price target on Levi Strauss & Co. from $21.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 29th. Finally, TheStreet raised Levi Strauss & Co. from a "c+" rating to a "b-" rating in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.10.
View Our Latest Research Report on LEVI
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Garner Asset Management Corp bought a new position in Levi Strauss & Co. in the fourth quarter valued at about $31,000. Dark Forest Capital Management LP purchased a new position in shares of Levi Strauss & Co. during the 1st quarter valued at $39,000. Deutsche Bank AG purchased a new position in shares of Levi Strauss & Co. during the 4th quarter valued at $43,000. Scopus Asset Management L.P. purchased a new position in shares of Levi Strauss & Co. during the 2nd quarter valued at $53,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Levi Strauss & Co. by 217.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,041 shares of the blue-jean maker's stock valued at $68,000 after buying an additional 3,455 shares during the last quarter. Institutional investors own 69.14% of the company's stock.
About Levi Strauss & Co.
(
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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