Levi Strauss & Co. Target of Unusually High Options Trading (NYSE:LEVI)

Levi Strauss & Co. (NYSE:LEVIGet Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 4,764 put options on the company. This is an increase of approximately 223% compared to the average daily volume of 1,477 put options.

Insider Activity at Levi Strauss & Co.

In related news, major shareholder Bradley J. Haas sold 26,959 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $20.14, for a total value of $542,954.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Margaret E. Haas sold 32,398 shares of Levi Strauss & Co. stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $18.03, for a total value of $584,135.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Bradley J. Haas sold 26,959 shares of Levi Strauss & Co. stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $20.14, for a total transaction of $542,954.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 154,712 shares of company stock valued at $2,965,985. Corporate insiders own 3.14% of the company’s stock.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Kapitalo Investimentos Ltda raised its position in shares of Levi Strauss & Co. by 577.3% in the 4th quarter. Kapitalo Investimentos Ltda now owns 30,709 shares of the blue-jean maker’s stock valued at $508,000 after buying an additional 26,175 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Levi Strauss & Co. by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,391,385 shares of the blue-jean maker’s stock valued at $138,794,000 after buying an additional 97,043 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Levi Strauss & Co. by 18.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,245,542 shares of the blue-jean maker’s stock valued at $20,601,000 after buying an additional 196,270 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at approximately $590,000. Finally, GTS Securities LLC grew its holdings in shares of Levi Strauss & Co. by 272.7% during the 4th quarter. GTS Securities LLC now owns 69,389 shares of the blue-jean maker’s stock valued at $1,148,000 after purchasing an additional 50,773 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock opened at $18.66 on Thursday. Levi Strauss & Co. has a twelve month low of $12.41 and a twelve month high of $20.36. The company has a quick ratio of 0.75, a current ratio of 1.48 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $18.03 and a two-hundred day simple moving average of $15.98. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The blue-jean maker reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Levi Strauss & Co. had a net margin of 4.04% and a return on equity of 22.33%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.34 EPS. Analysts forecast that Levi Strauss & Co. will post 1.22 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Wednesday, February 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, February 6th. Levi Strauss & Co.’s payout ratio is presently 76.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LEVI. Telsey Advisory Group lifted their price objective on shares of Levi Strauss & Co. from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Wednesday, March 27th. TheStreet upgraded shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Wells Fargo & Company cut their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, January 26th. UBS Group raised their target price on shares of Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday, January 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.10.

Read Our Latest Research Report on Levi Strauss & Co.

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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