Levi Strauss & Co. (NYSE:LEVI) EVP Sells $892,069.58 in Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Karyn Hillman sold 38,938 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total value of $892,069.58. Following the completion of the sale, the executive vice president owned 91,522 shares of the company’s stock, valued at approximately $2,096,769.02. This trade represents a 29.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Levi Strauss & Co. Stock Performance

Shares of NYSE:LEVI opened at $22.66 on Monday. Levi Strauss & Co. has a twelve month low of $16.50 and a twelve month high of $24.82. The firm has a market cap of $8.71 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.58. The business has a fifty day moving average of $20.59 and a 200-day moving average of $21.02.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings data on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The firm had revenue of $1.74 billion during 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%.The company’s revenue was up 14.1% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. On average, equities research analysts predict that Levi Strauss & Co. will post 1.5 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, April 22nd. Levi Strauss & Co.’s dividend payout ratio (DPR) is presently 35.67%.

Hedge Funds Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in Levi Strauss & Co. by 260.5% during the third 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. Measured Wealth Private Client Group LLC bought a new position in Levi Strauss & Co. during the fourth quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Levi Strauss & Co. by 140.7% during the second 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 fourth quarter worth about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Levi Strauss & Co. by 133.5% during the first 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. Institutional investors own 69.14% of the company’s stock.

Wall Street Analyst Weigh In

LEVI has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $28.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Jefferies Financial Group initiated coverage on Levi Strauss & Co. in a research report on Wednesday, February 4th. They issued a “buy” rating and a $25.00 price objective for the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $27.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, April 1st. Wall Street Zen upgraded Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price objective on shares of Levi Strauss & Co. in a research report on Monday, May 4th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.69.

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.