Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $1,896,829.10 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Bradley J. Haas sold 85,985 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $22.06, for a total transaction of $1,896,829.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Bradley J. Haas also recently made the following trade(s):

• On Thursday, April 4th, Bradley J. Haas sold 14,015 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $22.05, for a total value of $309,030.75.
• On Monday, April 1st, Bradley J. Haas sold 26,959 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.14, for a total value of $542,954.26.
• On Thursday, March 28th, Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock. The shares were sold at an average price of $20.01, for a total value of $461,050.41.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock opened at $21.13 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78. Levi Strauss & Co. has a one year low of $12.41 and a one year high of $22.39. The business’s 50 day simple moving average is $19.19 and its two-hundred day simple moving average is $16.79. The stock has a market capitalization of $8.41 billion, a P/E ratio of 68.15, a price-to-earnings-growth ratio of 1.24 and a beta of 1.22.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business earned $0.34 earnings per share. The business’s revenue was down 7.8% on a year-over-year basis. Analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Thursday, May 9th will be issued a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.27%. Levi Strauss & Co.’s dividend payout ratio is currently 154.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LEVI. TheStreet raised shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. TD Cowen boosted their price target on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Wells Fargo & Company increased their price objective on Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Stifel Nicolaus upped their target price on Levi Strauss & Co. from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Finally, Telsey Advisory Group lifted their price target on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Manchester Capital Management LLC grew its position in shares of Levi Strauss & Co. by 21.5% in the 3rd quarter. Manchester Capital Management LLC now owns 9,541 shares of the blue-jean maker’s stock worth $130,000 after buying an additional 1,690 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $195,000. Everett Harris & Co. CA purchased a new stake in Levi Strauss & Co. in the third quarter worth $204,000. China Universal Asset Management Co. Ltd. bought a new stake in Levi Strauss & Co. in the fourth quarter valued at $215,000. Finally, Guyasuta Investment Advisors Inc. purchased a new position in Levi Strauss & Co. during the 4th quarter valued at $223,000. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.