Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Robert Haas Sells 488,851 Shares of Stock

Levi Strauss & Co. (NYSE:LEVIGet Free Report) major shareholder Robert Haas sold 488,851 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $24.11, for a total transaction of $11,786,197.61. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sales and purchases with the SEC.

Levi Strauss & Co. Price Performance

NYSE LEVI opened at $24.24 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company has a fifty day simple moving average of $22.13 and a 200 day simple moving average of $21.31. The company has a market cap of $9.32 billion, a P/E ratio of 15.44, a P/E/G ratio of 1.72 and a beta of 1.34. Levi Strauss & Co. has a 1 year low of $16.50 and a 1 year high of $24.82.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $0.38 EPS. The business’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts predict that Levi Strauss & Co. will post 1.51 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $0.14 dividend. The ex-dividend date was Wednesday, April 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. Levi Strauss & Co.’s dividend payout ratio is currently 35.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in Levi Strauss & Co. by 2,268.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock worth $5,566,000 after acquiring an additional 228,796 shares during the last quarter. Vanguard Group Inc. boosted its stake in Levi Strauss & Co. by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after acquiring an additional 277,835 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Levi Strauss & Co. by 44.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock worth $88,014,000 after acquiring an additional 1,296,474 shares during the last quarter. Portolan Capital Management LLC bought a new position in Levi Strauss & Co. during the 3rd quarter worth approximately $4,991,000. Finally, GW&K Investment Management LLC bought a new position in Levi Strauss & Co. during the 3rd quarter worth approximately $39,322,000. Institutional investors own 69.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. UBS Group upped their target price on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. Raymond James Financial reissued an “outperform” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Monday, May 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Finally, TD Cowen reissued a “buy” rating and issued 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 company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.79.

View Our Latest Stock Report on LEVI

About Levi Strauss & Co.

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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.

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

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