Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Robert Haas Sells 3,182 Shares

Levi Strauss & Co. (NYSE:LEVIGet Free Report) major shareholder Robert Haas sold 3,182 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $24.00, for a total value of $76,368.00. The transaction was disclosed in a filing with the SEC, which is accessible through 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 shares are required to disclose their sales and purchases with the SEC.

Levi Strauss & Co. Trading Up 5.6%

NYSE LEVI opened at $24.24 on Friday. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34. Levi Strauss & Co. has a twelve month low of $16.50 and a twelve month high of $24.82. The business’s fifty day moving average is $22.13 and its 200 day moving average is $21.31. 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. (NYSE:LEVIGet Free Report) last announced its 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. The firm had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. As a group, sell-side analysts expect that Levi Strauss & Co. will post 1.51 EPS for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a yield of 2.3%. Levi Strauss & Co.’s payout ratio is presently 35.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on LEVI. Telsey Advisory Group reaffirmed an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. UBS Group boosted their price objective on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. Raymond James Financial reissued an “outperform” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research note on Monday, May 4th. TD Cowen reissued a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. Finally, Wall Street Zen raised Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research note on Saturday, April 11th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $26.79.

Read Our Latest Research Report on Levi Strauss & Co.

Institutional Trading of Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LEVI. Measured Wealth Private Client Group LLC bought a new stake in Levi Strauss & Co. in the 4th quarter valued at about $26,000. US Bancorp DE increased its position in 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. increased its position in 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 bought a new stake in Levi Strauss & Co. in the 4th quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Levi Strauss & Co. by 133.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after purchasing an additional 1,879 shares during the last quarter. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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