Key Points
- EVP Karyn Hillman sold 38,938 shares of Levi Strauss stock on May 6 at an average price of $22.91, a transaction worth about $892,070. Her ownership fell by 29.85% after the sale.
- Levi Strauss reported strong quarterly results, with EPS of $0.42 versus the $0.37 estimate and revenue of $1.74 billion, up 14.1% year over year.
- The company also paid a quarterly dividend of $0.14 per share, equal to a $0.56 annualized payout and a 2.5% yield. Analysts remain generally bullish, with a consensus rating of “Moderate Buy” and an average price target of $26.69.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) EVP Karyn Hillman sold 38,938 shares of Levi Strauss & Co. stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total transaction of $892,069.58. Following the completion of the transaction, the executive vice president directly owned 91,522 shares of the company's stock, valued at $2,096,769.02. This trade represents a 29.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Levi Strauss & Co. Trading Down 0.4%
NYSE LEVI opened at $22.66 on Friday. Levi Strauss & Co. has a one year low of $16.50 and a one year high of $24.82. The company has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $21.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58. The firm has a market capitalization of $8.71 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35.
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 EPS for the quarter, beating 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 business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $0.38 EPS. The company's quarterly revenue was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Levi Strauss & Co. will post 1.5 earnings per share for the current year.
Levi Strauss & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.5%. Levi Strauss & Co.'s payout ratio is 35.67%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the stock. UBS Group lifted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, April 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Monday. Jefferies Financial Group started coverage on shares of Levi Strauss & Co. in a research note on Wednesday, February 4th. They set a "buy" rating and a $25.00 target price for the company. Finally, Wall Street Zen raised shares of Levi Strauss & Co. from a "hold" rating to a "strong-buy" rating in a research note on Saturday, April 11th. Twelve analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $26.69.
Read Our Latest Stock Report on LEVI
Institutional Trading of Levi Strauss & Co.
Institutional investors have recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter worth approximately $26,000. US Bancorp DE lifted its stake in shares of 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 worth $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of 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 worth $26,000 after acquiring an additional 833 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Levi Strauss & Co. in the 4th quarter worth approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 worth $51,000 after acquiring an additional 1,879 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.
Levi Strauss & Co. Company Profile
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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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