Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $104,112.00 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder E. Haas Jr. Family Fund Peter sold 4,338 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $24.00, for a total value of $104,112.00. Following the completion of the transaction, the insider directly owned 4,338 shares in the company, valued at approximately $104,112. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Levi Strauss & Co. Stock Performance

Shares of LEVI opened at $23.24 on Friday. The business’s 50 day moving average is $21.28 and its two-hundred day moving average is $21.17. Levi Strauss & Co. has a 52-week low of $16.50 and a 52-week high of $24.82. The firm has a market cap of $8.94 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.75 and a beta of 1.35. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI) last announced its earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.Levi Strauss & Co.’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Analysts forecast that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, April 22nd. Levi Strauss & Co.’s dividend payout ratio is currently 35.67%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LEVI shares. BTIG Research reissued a “buy” rating and set a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. UBS Group upped their price target on Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Jefferies Financial Group started coverage on Levi Strauss & Co. in a research report on Wednesday, February 4th. They set a “buy” rating and a $25.00 price target on the stock. Weiss Ratings raised Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $25.00 price target on shares of Levi Strauss & Co. in a research report on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

Key Levi Strauss & Co. News

Here are the key news stories impacting Levi Strauss & Co. this week:

• Positive Sentiment: Analysts continue to rate Levi Strauss as a “Moderate Buy”, suggesting Wall Street still sees upside potential, with a consensus target price above the current share price. Levi Strauss & Co. (NYSE:LEVI) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Recent commentary highlighted Levi Strauss’ direct-to-consumer growth as a key driver of revenue expansion, reinforcing the company’s fundamental momentum. Levi Strauss Gains as DTC Continues to Fuel Revenue Growth
• Neutral Sentiment: Levi Strauss recently reported better-than-expected quarterly results, with earnings and revenue both topping estimates, which continues to support the stock’s longer-term valuation.
• Negative Sentiment: Major shareholder Robert D. Haas sold 192,451 shares in a pre-arranged transaction, a sizable insider sale that can dampen investor sentiment. SEC filing for Robert D. Haas sale
• Negative Sentiment: Additional insider selling by Peter Haas Jr. Family Fund and Margaret E. Haas added to concerns about insider confidence, even though the trades were made under 10b5-1 plans. SEC filing for Peter Haas Jr. Family Fund sale SEC filing for Margaret E. Haas sale

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC bought a new position in Levi Strauss & Co. during the 4th quarter worth $26,000. US Bancorp DE grew its stake in Levi Strauss & Co. by 260.5% during the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Levi Strauss & Co. by 140.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after buying an additional 833 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Levi Strauss & Co. during the 4th quarter worth $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Levi Strauss & Co. by 133.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,286 shares of the blue-jean maker’s stock worth $51,000 after buying an additional 1,879 shares during the last quarter. 69.14% of the stock is currently owned by institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co is a global apparel company best known for its denim jeans and casual wear. Founded in 1853 in San Francisco by Bavarian immigrant Levi Strauss, the company pioneered the modern blue jean with the introduction of rivet-reinforced work pants. Over its more than 160-year history, Levi Strauss has evolved into a lifestyle brand, offering a broad portfolio that includes denim for men, women and children, as well as tops, outerwear, footwear and accessories.

The company’s flagship label, Levi’s®, is recognized worldwide for its iconic styles such as the 501® Original Fit Jeans, while additional brands, including Dockers®, Target core metric, and Denizen® by Levi’s, cater to diverse price points and consumer segments.