Insider Selling: Levi Strauss & Co. (NYSE:LEVI) EVP Sells 12,769 Shares of Stock

Levi Strauss & Co. (NYSE:LEVIGet Rating) EVP Seth Jaffe sold 12,769 shares of the business’s stock in a transaction on Friday, April 29th. The stock was sold at an average price of $18.69, for a total transaction of $238,652.61. Following the completion of the transaction, the executive vice president now owns 148,299 shares of the company’s stock, valued at approximately $2,771,708.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Seth Jaffe also recently made the following trade(s):

  • On Thursday, March 31st, Seth Jaffe sold 13,280 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.23, for a total transaction of $268,654.40.
  • On Monday, February 28th, Seth Jaffe sold 13,811 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $22.35, for a total transaction of $308,675.85.

Shares of NYSE:LEVI opened at $18.75 on Tuesday. The company has a 50-day simple moving average of $19.78 and a 200-day simple moving average of $22.92. Levi Strauss & Co. has a one year low of $17.34 and a one year high of $30.84. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.95 and a current ratio of 1.55. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 1.47 and a beta of 1.09.

Levi Strauss & Co. (NYSE:LEVIGet Rating) last announced its earnings results on Wednesday, April 6th. The blue-jean maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. Levi Strauss & Co. had a net margin of 10.03% and a return on equity of 40.41%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 21.9% compared to the same quarter last year. As a group, research analysts forecast that Levi Strauss & Co. will post 1.55 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Friday, May 6th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 5th. This represents a $0.40 annualized dividend and a yield of 2.13%. Levi Strauss & Co.’s dividend payout ratio is currently 27.03%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Levi Strauss & Co. by 2.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,332 shares of the blue-jean maker’s stock worth $1,160,000 after purchasing an additional 904 shares in the last quarter. American Century Companies Inc. raised its holdings in Levi Strauss & Co. by 29.0% during the third quarter. American Century Companies Inc. now owns 12,822 shares of the blue-jean maker’s stock worth $314,000 after purchasing an additional 2,879 shares in the last quarter. TrinityPoint Wealth LLC grew its position in Levi Strauss & Co. by 1.9% during the third quarter. TrinityPoint Wealth LLC now owns 36,920 shares of the blue-jean maker’s stock worth $905,000 after buying an additional 695 shares during the period. Capital Fund Management S.A. grew its position in Levi Strauss & Co. by 234.3% during the third quarter. Capital Fund Management S.A. now owns 329,091 shares of the blue-jean maker’s stock worth $8,066,000 after buying an additional 230,653 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Levi Strauss & Co. by 103.7% during the fourth quarter. Qube Research & Technologies Ltd now owns 113,308 shares of the blue-jean maker’s stock worth $2,836,000 after buying an additional 57,689 shares during the period. 70.69% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on LEVI shares. Bank of America boosted their target price on shares of Levi Strauss & Co. from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, January 27th. Zacks Investment Research downgraded shares of Levi Strauss & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 19th. UBS Group lowered their target price on shares of Levi Strauss & Co. from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, April 7th. Citigroup lowered their target price on shares of Levi Strauss & Co. from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Thursday, April 7th. Finally, The Goldman Sachs Group decreased their price objective on shares of Levi Strauss & Co. from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $31.08.

Levi Strauss & Co. Company Profile (Get Rating)

Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.

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Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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