Levi Strauss & Co. (NYSE:LEVI - Get Free Report) EVP Harmit Singh sold 110,000 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $23.00, for a total transaction of $2,530,000.00. Following the transaction, the executive vice president directly owned 270,514 shares of the company's stock, valued at $6,221,822. This represents a 28.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Levi Strauss & Co. Stock Performance
NYSE:LEVI opened at $22.79 on Thursday. Levi Strauss & Co. has a 12-month low of $15.32 and a 12-month high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.76 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The firm has a 50-day moving average price of $20.52 and a 200 day moving average price of $21.03.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.38 earnings per share. The company's quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts anticipate that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, April 22nd. Levi Strauss & Co.'s dividend payout ratio is 35.67%.
Institutional Trading of Levi Strauss & Co.
Hedge funds have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $26,000. US Bancorp DE grew its stake in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker's stock valued at $26,000 after purchasing an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Levi Strauss & Co. by 140.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker's stock valued at $26,000 after purchasing an additional 833 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Levi Strauss & Co. during the fourth quarter valued at approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Levi Strauss & Co. by 133.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker's stock valued at $51,000 after purchasing an additional 1,879 shares during the last quarter. 69.14% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
LEVI has been the subject of several recent research reports. BTIG Research reissued a "buy" rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Weiss Ratings lowered shares of Levi Strauss & Co. from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 8th. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a research report on Wednesday, February 4th. They issued a "buy" rating and a $25.00 price target for the company. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.77.
Read Our Latest Stock Analysis on LEVI
Levi Strauss & Co. Company Profile
(
Get Free Report)
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.
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