Levi Strauss & Co. (NYSE:LEVI - Get Free Report) EVP Harmit J. Singh sold 346,555 shares of Levi Strauss & Co. stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the transaction, the executive vice president now owns 525,337 shares in the company, valued at approximately $11,667,734.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Levi Strauss & Co. Stock Performance
Levi Strauss & Co. stock opened at $22.68 on Friday. The company's 50-day moving average price is $19.95 and its 200-day moving average price is $17.32. The company has a quick ratio of 0.78, a current ratio of 1.43 and a debt-to-equity ratio of 0.51. The company has a market cap of $9.03 billion, a PE ratio of 73.15, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $22.74.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. The company had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.55 billion. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. On average, equities research analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.
Levi Strauss & Co. Announces Dividend
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders 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 2.12%. Levi Strauss & Co.'s payout ratio is 154.84%.
Institutional Investors Weigh In On Levi Strauss & Co.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC boosted its position in Levi Strauss & Co. by 21.5% in the 3rd quarter. Manchester Capital Management LLC now owns 9,541 shares of the blue-jean maker's stock valued at $130,000 after buying an additional 1,690 shares during the period. Avantax Advisory Services Inc. bought a new position in Levi Strauss & Co. in the third quarter worth approximately $195,000. China Universal Asset Management Co. Ltd. purchased a new position in Levi Strauss & Co. during the 4th quarter worth $215,000. Guyasuta Investment Advisors Inc. bought a new stake in Levi Strauss & Co. during the 4th quarter valued at $223,000. Finally, Duality Advisers LP purchased a new stake in shares of Levi Strauss & Co. in the 3rd quarter worth $225,000. 69.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on LEVI shares. TheStreet raised Levi Strauss & Co. from a "c+" rating to a "b-" rating in a research note on Tuesday, February 13th. Wells Fargo & Company increased their price objective on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an "equal weight" rating in a report on Thursday, April 4th. Morgan Stanley boosted their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a report on Friday, April 5th. UBS Group raised their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.56.
Read Our Latest Analysis on LEVI
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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