Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $1,896,829.10 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Bradley J. Haas sold 85,985 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $22.06, for a total transaction of $1,896,829.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Bradley J. Haas also recently made the following trade(s):

• On Thursday, April 4th, Bradley J. Haas sold 14,015 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $22.05, for a total transaction of $309,030.75.
• On Monday, April 1st, Bradley J. Haas sold 26,959 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.14, for a total transaction of $542,954.26.
• On Thursday, March 28th, Bradley J. Haas sold 23,041 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI opened at $21.57 on Thursday. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 69.58, a P/E/G ratio of 1.26 and a beta of 1.22. The firm’s 50 day simple moving average is $19.05 and its 200 day simple moving average is $16.72. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78. Levi Strauss & Co. has a fifty-two week low of $12.41 and a fifty-two week high of $22.39.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Levi Strauss & Co. had a return on equity of 20.68% and a net margin of 2.05%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the business earned $0.34 EPS. Levi Strauss & Co.’s revenue for the quarter was down 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Levi Strauss & Co. will post 1.27 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 8th. This represents a $0.48 dividend on an annualized basis and a yield of 2.23%. Levi Strauss & Co.’s payout ratio is 154.84%.

Analysts Set New Price Targets

A number of research firms have issued reports on LEVI. UBS Group upped their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Telsey Advisory Group upped their target price on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. Wells Fargo & Company upped their target price on shares of Levi Strauss & Co. from $17.00 to $20.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. TheStreet upgraded shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Levi Strauss & Co. from $19.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $20.56.

Institutional Trading of Levi Strauss & Co.

A number of large investors have recently bought and sold shares of LEVI. Manchester Capital Management LLC increased its stake in Levi Strauss & Co. by 21.5% during the 3rd quarter. Manchester Capital Management LLC now owns 9,541 shares of the blue-jean maker’s stock worth $130,000 after purchasing an additional 1,690 shares in the last quarter. Avantax Advisory Services Inc. bought a new stake in Levi Strauss & Co. during the 3rd quarter worth approximately $195,000. Everett Harris & Co. CA bought a new position in shares of Levi Strauss & Co. during the 3rd quarter worth approximately $204,000. China Universal Asset Management Co. Ltd. bought a new position in shares of Levi Strauss & Co. during the 4th quarter worth approximately $215,000. Finally, Guyasuta Investment Advisors Inc. bought a new position in shares of Levi Strauss & Co. during the 4th quarter worth approximately $223,000. 69.14% of the stock is owned by institutional investors.

Levi Strauss & Co. Company Profile

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.