Levi Strauss & Co. (NYSE:LEVI - Get Free Report) major shareholder Bradley J. Haas sold 14,015 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $22.05, for a total value of $309,030.75. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Bradley J. Haas also recently made the following trade(s):
- On Monday, April 1st, Bradley J. Haas sold 26,959 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.14, for a total value 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 value of $461,050.41.
Levi Strauss & Co. Stock Performance
NYSE:LEVI opened at $20.55 on Friday. The business's 50-day moving average price is $18.23 and its two-hundred day moving average price is $16.07. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $22.39. The stock has a market cap of $8.18 billion, a P/E ratio of 66.27, a PEG ratio of 1.34 and a beta of 1.22. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.51.
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Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last released its quarterly earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the firm posted $0.34 EPS. The company's revenue was down 7.8% compared to the same quarter last year. As a group, equities analysts predict that Levi Strauss & Co. will post 1.22 EPS for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be issued a $0.12 dividend. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.34%. Levi Strauss & Co.'s payout ratio is currently 154.84%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on LEVI shares. Wells Fargo & Company increased their price target on Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Thursday. Stifel Nicolaus raised their target price on Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday. Morgan Stanley raised their target price on Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Friday. Telsey Advisory Group raised their target price on Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, TheStreet upgraded Levi Strauss & Co. from a "c+" rating to a "b-" rating in a research note on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.80.
Read Our Latest Report on LEVI
Institutional Trading of Levi Strauss & Co.
Institutional investors and hedge funds have recently modified their holdings of the business. Kapitalo Investimentos Ltda raised its holdings in shares of Levi Strauss & Co. by 577.3% during the 4th quarter. Kapitalo Investimentos Ltda now owns 30,709 shares of the blue-jean maker's stock valued at $508,000 after buying an additional 26,175 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Levi Strauss & Co. by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker's stock valued at $138,794,000 after buying an additional 97,043 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Levi Strauss & Co. by 18.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker's stock valued at $20,601,000 after buying an additional 196,270 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Levi Strauss & Co. during the 4th quarter valued at about $590,000. Finally, GTS Securities LLC raised its holdings in shares of Levi Strauss & Co. by 272.7% during the 4th quarter. GTS Securities LLC now owns 69,389 shares of the blue-jean maker's stock valued at $1,148,000 after buying an additional 50,773 shares in the last quarter. Hedge funds and other 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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