Levi Strauss & Co. (NYSE:LEVI) SVP Gavin Brockett sold 18,071 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $19.46, for a total value of $351,661.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Gavin Brockett also recently made the following trade(s):
- On Tuesday, February 4th, Gavin Brockett sold 3,926 shares of Levi Strauss & Co. stock. The shares were sold at an average price of $19.75, for a total value of $77,538.50.
Shares of NYSE:LEVI opened at $20.40 on Thursday. The stock has a market capitalization of $7.87 billion and a price-to-earnings ratio of 21.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.70 and a current ratio of 2.46. The stock’s 50-day simple moving average is $19.50 and its two-hundred day simple moving average is $18.20. Levi Strauss & Co. has a 52-week low of $16.00 and a 52-week high of $24.50.
Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Thursday, January 30th. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Levi Strauss & Co. had a return on equity of 33.12% and a net margin of 6.86%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.30 earnings per share. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.19 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Wednesday, February 12th will be given a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.32 annualized dividend and a yield of 1.57%. Levi Strauss & Co.’s payout ratio is 61.86%.
Several equities research analysts recently commented on LEVI shares. Zacks Investment Research raised Levi Strauss & Co. from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, February 5th. Macquarie started coverage on Levi Strauss & Co. in a research report on Monday, October 21st. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on Levi Strauss & Co. from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $23.50.
Large investors have recently made changes to their positions in the business. Chevy Chase Trust Holdings Inc. purchased a new position in Levi Strauss & Co. in the fourth quarter worth about $31,000. Great West Life Assurance Co. Can purchased a new position in Levi Strauss & Co. in the fourth quarter worth about $54,000. Pinnacle Financial Partners Inc. purchased a new position in Levi Strauss & Co. in the fourth quarter worth about $85,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Levi Strauss & Co. in the fourth quarter worth about $91,000. Finally, State of Tennessee Treasury Department purchased a new position in Levi Strauss & Co. in the fourth quarter worth about $131,000. 10.38% of the stock is currently owned by institutional investors and hedge funds.
Levi Strauss & Co. Company Profile
Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.
Read More: Dividend Reinvestment Plan (DRIP)
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