Key Points
- Major shareholder E. Haas Jr. Family Fund Peter sold 145,662 Levi Strauss shares on June 11 at an average price of $24.01, totaling about $3.5 million. The filing says the transaction was made under a pre-arranged Rule 10b5-1 trading plan.
- Levi Strauss recently reported strong quarterly results, posting EPS of $0.42 versus analyst expectations of $0.37 and revenue of $1.74 billion versus $1.65 billion expected. Revenue rose 14.1% year over year.
- Analysts remain generally positive on LEVI, with 13 Buy ratings and three Hold ratings and a consensus target price of $26.79. The stock also pays a quarterly dividend of $0.14, or $0.56 annually, for a yield of about 2.3%.
Levi Strauss & Co. (NYSE:LEVI - Get Free Report) major shareholder Margaret Haas sold 47,721 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $24.01, for a total transaction of $1,145,781.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Levi Strauss & Co. Price Performance
Shares of LEVI opened at $24.02 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. Levi Strauss & Co. has a fifty-two week low of $16.50 and a fifty-two week high of $24.82. The company has a market cap of $9.24 billion, a P/E ratio of 15.30, a PEG ratio of 1.83 and a beta of 1.34. The firm's 50 day moving average price is $22.23 and its 200 day moving average price is $21.33.
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, 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 company had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the previous year, the business posted $0.38 EPS. The firm's revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Wednesday, April 22nd. Levi Strauss & Co.'s payout ratio is 35.67%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $26,000. US Bancorp DE boosted its holdings 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 valued at $26,000 after buying an additional 810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 valued at $26,000 after buying an additional 833 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $51,000 after buying an additional 1,879 shares in the last quarter. Institutional investors and hedge funds own 69.14% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on LEVI shares. BTIG Research reiterated a "buy" rating and set a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Weiss Ratings upgraded shares of Levi Strauss & Co. from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, May 6th. Raymond James Financial reiterated an "outperform" rating and set a $25.00 price target on shares of Levi Strauss & Co. in a report on Monday, May 4th. UBS Group boosted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, April 8th. Finally, TD Cowen reiterated a "buy" rating and set a $28.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, May 27th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $26.79.
Get Our Latest Analysis on LEVI
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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