Levi Strauss & Co. (NYSE:LEVI – Get Free Report) major shareholder Margaret Haas sold 2,279 shares of Levi Strauss & Co. stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $24.01, for a total value of $54,718.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Levi Strauss & Co. Trading Up 1.3%
Shares of NYSE:LEVI opened at $23.69 on Friday. Levi Strauss & Co. has a 12-month low of $16.50 and a 12-month high of $24.82. The business’s fifty day simple moving average is $21.19 and its 200-day simple moving average is $21.16. The company has a market capitalization of $9.11 billion, a PE ratio of 15.09, a P/E/G ratio of 1.77 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48.
Levi Strauss & Co. (NYSE:LEVI – Get Free Report) last announced its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.38 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. As a group, equities research analysts predict that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.
Levi Strauss & Co. Dividend Announcement
Analysts Set New Price Targets
LEVI has been the topic of a number of analyst reports. Wall Street Zen upgraded Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. BTIG Research reiterated a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Monday, May 4th. Finally, Jefferies Financial Group started coverage on Levi Strauss & Co. in a research report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price objective for the company. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.
Check Out Our Latest Research Report on LEVI
More Levi Strauss & Co. News
Here are the key news stories impacting Levi Strauss & Co. this week:
- Positive Sentiment: Analysts continue to view Levi Strauss as a “Moderate Buy”, which suggests Wall Street still sees upside in the company despite the recent insider selling. Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts
- Neutral Sentiment: An article highlighted analyst commentary on Levi Strauss alongside other consumer cyclical stocks, but it did not appear to include any major new company-specific operational update. Analysts Offer Insights on Consumer Cyclical Companies: Levi Strauss & Co (LEVI), Toll Brothers (TOL) and Five Below (FIVE)
- Negative Sentiment: Major shareholder Robert D. Haas sold 192,451 shares in a pre-arranged transaction, a large insider disposition that can pressure sentiment even if it was planned. SEC filing for Robert D. Haas sale
- Negative Sentiment: Robert D. Haas also sold an additional 5,832 shares at $24.00, reinforcing the impression of insider selling near recent highs. SEC filing for Robert D. Haas sale
- Negative Sentiment: Peter Haas Jr. Family Fund sold 4,338 shares in another 10b5-1 transaction, while Margaret E. Haas sold 2,279 shares, adding to the cluster of insider sales. SEC filing for Peter Haas Jr. Family Fund sale SEC filing for Margaret E. Haas sale
Hedge Funds Weigh In On Levi Strauss & Co.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Levi Strauss & Co. by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock valued at $193,312,000 after purchasing an additional 342,009 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock valued at $89,489,000 after purchasing an additional 3,979,223 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Levi Strauss & Co. by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after purchasing an additional 1,296,474 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of Levi Strauss & Co. by 9.3% in the 3rd quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after purchasing an additional 294,053 shares during the last quarter. Finally, GW&K Investment Management LLC raised its position in shares of Levi Strauss & Co. by 31.5% in the 4th quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock valued at $46,034,000 after purchasing an additional 531,963 shares during the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.
Levi Strauss & Co. Company Profile
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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