David A. Friedman Sells 4,166 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 4,166 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total transaction of $74,988.00. Following the sale, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Levi Strauss & Co. Price Performance

Shares of LEVI stock traded down $0.14 during trading hours on Tuesday, hitting $17.70. The company had a trading volume of 1,348,306 shares, compared to its average volume of 1,319,541. The firm’s fifty day moving average is $17.16 and its 200 day moving average is $18.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. Levi Strauss & Co. has a 12 month low of $14.87 and a 12 month high of $24.34. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 0.95 and a beta of 1.16.

Wall Street Analysts Forecast Growth

LEVI has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. TD Cowen decreased their target price on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus lowered their price target on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LEVI. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. during the third quarter valued at approximately $27,000. 272 Capital LP bought a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at about $35,000. Quarry LP acquired a new stake in shares of Levi Strauss & Co. during the 2nd quarter worth approximately $56,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Levi Strauss & Co. by 2,904.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after buying an additional 4,966 shares during the period. Finally, Headlands Technologies LLC bought a new position in Levi Strauss & Co. in the second quarter valued at approximately $135,000. 69.14% of the stock is owned by institutional investors.

About Levi Strauss & Co.

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.