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

Levi Strauss & Co. (NYSE:LEVI) major shareholder Robert Haas sold 3,182 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $24.00, for a total transaction of $76,368.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transactions with the SEC.

Levi Strauss & Co. Price Performance

Shares of NYSE LEVI traded up $1.29 during midday trading on Thursday, reaching $24.24. 4,002,146 shares of the company traded hands, compared to its average volume of 2,210,206. The firm has a market cap of $9.32 billion, a PE ratio of 15.44, a PEG ratio of 1.72 and a beta of 1.34. The stock’s 50-day simple moving average is $22.13 and its 200-day simple moving average is $21.31. Levi Strauss & Co. has a 12 month low of $16.50 and a 12 month high of $24.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings data 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. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations 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 revenue was up 14.1% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share. As a group, equities analysts anticipate that Levi Strauss & Co. will post 1.51 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.14 per share. 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 (DPR) is 35.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LEVI. BTIG Research restated a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. Weiss Ratings upgraded Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. TD Cowen restated a “buy” rating and issued a $28.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, May 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 1st. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.79.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Levi Strauss & Co. by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 132,304 shares of the blue-jean maker’s stock worth $2,744,000 after purchasing an additional 465 shares during the period. Figure 8 Investment Strategies LLC grew its holdings in shares of Levi Strauss & Co. by 1.2% in the 4th quarter. Figure 8 Investment Strategies LLC now owns 50,939 shares of the blue-jean maker’s stock valued at $1,056,000 after buying an additional 583 shares during the period. Jones Financial Companies Lllp raised its position in shares of Levi Strauss & Co. by 10.3% during the third quarter. Jones Financial Companies Lllp now owns 6,553 shares of the blue-jean maker’s stock worth $151,000 after purchasing an additional 614 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Levi Strauss & Co. by 2.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,732 shares of the blue-jean maker’s stock worth $575,000 after purchasing an additional 638 shares during the period. Finally, US Bancorp DE raised its position in shares of Levi Strauss & Co. by 260.5% during the third quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after purchasing an additional 810 shares during the period. 69.14% of the stock is owned by institutional investors and hedge funds.

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.