Levi Strauss & Co. (NYSE:LEVI) EVP Sells $892,069.58 in Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Karyn Hillman sold 38,938 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $22.91, for a total value of $892,069.58. Following the sale, the executive vice president owned 91,522 shares of the company’s stock, valued at approximately $2,096,769.02. This trade represents a 29.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Levi Strauss & Co. Price Performance

NYSE:LEVI traded down $0.09 during trading hours on Friday, hitting $22.66. 1,983,440 shares of the stock were exchanged, compared to its average volume of 2,695,031. Levi Strauss & Co. has a 52-week low of $16.50 and a 52-week high of $24.82. The firm’s fifty day moving average price is $20.59 and its 200 day moving average price is $21.02. 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 market cap of $8.71 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.74 and a beta of 1.35.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data 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. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business earned $0.38 EPS. Levi Strauss & Co.’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, equities research analysts anticipate that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. Levi Strauss & Co.’s dividend payout ratio is presently 35.67%.

Analyst Ratings Changes

LEVI has been the subject of a number of research reports. 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. UBS Group upped their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. BTIG Research restated a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Weiss Ratings upgraded Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.69.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds have recently modified their holdings of LEVI. Measured Wealth Private Client Group LLC purchased a new stake in shares of Levi Strauss & Co. in the fourth quarter valued at about $26,000. US Bancorp DE grew its position in 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 acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 833 shares during the period. Kestra Advisory Services LLC purchased a new position in Levi Strauss & Co. in the fourth quarter worth approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 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 acquiring an additional 1,879 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

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.