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

Levi Strauss & Co. (NYSE:LEVI) major shareholder E. Haas Jr. Family Fund Peter sold 4,338 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $24.00, for a total transaction of $104,112.00. Following the completion of the transaction, the insider directly owned 4,338 shares in the company, valued at approximately $104,112. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large 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 Strauss & Co. stock opened at $23.24 on Friday. Levi Strauss & Co. has a 12-month low of $16.50 and a 12-month high of $24.82. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 1.79 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97. The firm’s fifty day moving average price is $21.28 and its 200 day moving average price is $21.17.

Levi Strauss & Co. (NYSE:LEVI) last released its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts forecast that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were paid 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 payout ratio is 35.67%.

Wall Street Analysts Forecast Growth

LEVI has been the topic of several analyst reports. UBS Group lifted their price target on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. TD Cowen reaffirmed a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday. Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, February 4th. They set a “buy” rating and a $25.00 price target on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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 rate Levi Strauss as a “Moderate Buy”, suggesting Wall Street still sees upside potential, with a consensus target price above the current share price. Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Recent commentary highlighted Levi Strauss’ direct-to-consumer growth as a key driver of revenue expansion, reinforcing the company’s fundamental momentum. Levi Strauss Gains as DTC Continues to Fuel Revenue Growth
• Neutral Sentiment: Levi Strauss recently reported better-than-expected quarterly results, with earnings and revenue both topping estimates, which continues to support the stock’s longer-term valuation.
• Negative Sentiment: Major shareholder Robert D. Haas sold 192,451 shares in a pre-arranged transaction, a sizable insider sale that can dampen investor sentiment. SEC filing for Robert D. Haas sale
• Negative Sentiment: Additional insider selling by Peter Haas Jr. Family Fund and Margaret E. Haas added to concerns about insider confidence, even though the trades were made under 10b5-1 plans. SEC filing for Peter Haas Jr. Family Fund sale SEC filing for Margaret E. Haas sale

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LEVI. AQR Capital Management LLC grew its holdings in Levi Strauss & Co. by 181.6% during the 1st quarter. AQR Capital Management LLC now owns 151,645 shares of the blue-jean maker’s stock worth $2,364,000 after acquiring an additional 97,800 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Levi Strauss & Co. during the 1st quarter worth $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Levi Strauss & Co. by 133.5% during the 1st 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 in the last quarter. Caxton Associates LLP acquired a new position in Levi Strauss & Co. during the 1st quarter worth $241,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Levi Strauss & Co. by 3.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,597,687 shares of the blue-jean maker’s stock worth $24,908,000 after acquiring an additional 52,332 shares in the last quarter. 69.14% of the stock is owned by institutional investors and hedge funds.

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.