Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman Sells 35,415 Shares

Levi Strauss & Co. (NYSE:LEVIGet Free Report) Director David A. Friedman sold 35,415 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.00, for a total value of $708,300.00. Following the transaction, the director now owns 179,430 shares in the company, valued at $3,588,600. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Levi Strauss & Co. Trading Up 1.6 %

NYSE LEVI opened at $20.30 on Tuesday. The firm has a market capitalization of $8.08 billion, a P/E ratio of 32.22, a PEG ratio of 1.27 and a beta of 1.21. The business has a fifty day simple moving average of $17.91 and a 200 day simple moving average of $15.93. Levi Strauss & Co. has a 12 month low of $12.41 and a 12 month high of $20.36. The company has a current ratio of 1.48, a quick ratio of 0.75 and a debt-to-equity ratio of 0.49.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. Levi Strauss & Co. had a return on equity of 22.33% and a net margin of 4.04%. Levi Strauss & Co.’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. On average, analysts predict that Levi Strauss & Co. will post 1.22 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Wednesday, February 7th were paid a $0.12 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.36%. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 76.19%.

Wall Street Analyst Weigh In

LEVI has been the topic of a number of research analyst reports. Wells Fargo & Company cut their price target on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 26th. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. UBS Group upped their target price on Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Telsey Advisory Group upped their target price on Levi Strauss & Co. from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. lowered their target price on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, January 26th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.10.

View Our Latest Report on Levi Strauss & Co.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LEVI. Balyasny Asset Management L.P. bought a new position in Levi Strauss & Co. in the 4th quarter valued at $38,029,000. Ceredex Value Advisors LLC bought a new position in shares of Levi Strauss & Co. during the 4th quarter worth $24,325,000. Marshall Wace LLP grew its stake in shares of Levi Strauss & Co. by 724.6% during the 4th quarter. Marshall Wace LLP now owns 1,574,260 shares of the blue-jean maker’s stock worth $24,433,000 after acquiring an additional 1,383,339 shares during the period. M. Kulyk & Associates LLC grew its stake in shares of Levi Strauss & Co. by 2,096.4% during the 3rd quarter. M. Kulyk & Associates LLC now owns 1,252,500 shares of the blue-jean maker’s stock worth $17,009,000 after acquiring an additional 1,195,475 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Levi Strauss & Co. by 20.5% during the 1st quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker’s stock worth $125,773,000 after acquiring an additional 1,084,969 shares during the period. Institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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

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