Levi Strauss & Co. (NYSE:LEVI) Major Shareholder E. Haas Jr. Family Fund Peter Sells 4,338 Shares

Levi Strauss & Co. (NYSE:LEVI) major shareholder E. Haas Jr. Family Fund Peter sold 4,338 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $24.00, for a total transaction of $104,112.00. Following the transaction, the insider owned 4,338 shares of the company’s stock, valued at approximately $104,112. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Levi Strauss & Co. Stock Performance

LEVI traded up $0.31 during trading on Thursday, hitting $23.69. 1,965,915 shares of the company traded hands, compared to its average volume of 2,715,071. The firm has a market cap of $9.11 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 1.74 and a beta of 1.35. Levi Strauss & Co. has a one year low of $16.50 and a one year high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average is $21.09 and its 200 day moving average is $21.14.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings data 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. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.65 billion. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, equities analysts predict that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed 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 2.4%. Levi Strauss & Co.’s dividend payout ratio is 35.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of Levi Strauss & Co. by 260.5% in the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 810 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Levi Strauss & Co. by 140.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 833 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter worth about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 buying an additional 1,879 shares in the last quarter. 69.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LEVI has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. BTIG Research reaffirmed a “buy” rating and set a $27.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. TD Cowen reaffirmed a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

Key Levi Strauss & Co. News

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Analysts continue to view Levi Strauss & Co. as a generally favorable name, with the stock carrying a consensus “Moderate Buy” rating and an average target price above recent trading levels. Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: The company’s latest earnings beat expectations, with revenue and EPS both topping estimates and revenue rising 14.1% year over year, reinforcing the view that Levi’s direct-to-consumer growth is helping results. Levi Strauss Gains as DTC Continues to Fuel Revenue Growth
• Neutral Sentiment: Recent commentary focused on valuation after a rally, noting that LEVI has traded above some fair-value estimates, which may limit near-term upside even if the business remains healthy. A Look at Levi Strauss & Co (LEVI) After 4.6% Gain
• Negative Sentiment: Major shareholder Robert D. Haas disclosed several stock sales, including a large block sale, which can weigh on sentiment because insider selling sometimes signals limited conviction near current prices, even though the trades were made under a pre-arranged 10b5-1 plan.

About Levi Strauss & Co.

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.