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Roy Bagattini Sells 75,000 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) EVP Roy Bagattini sold 75,000 shares of Levi Strauss & Co. stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $19.02, for a total transaction of $1,426,500.00. Following the completion of the sale, the executive vice president now owns 113,830 shares in the company, valued at $2,165,046.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

LEVI traded up $0.55 during trading on Friday, reaching $18.96. 2,416,100 shares of the stock were exchanged, compared to its average volume of 1,459,719. Levi Strauss & Co. has a twelve month low of $16.00 and a twelve month high of $24.50. The stock’s 50 day moving average price is $17.21 and its two-hundred day moving average price is $18.63. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.37 and a quick ratio of 1.58.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Tuesday, October 8th. The blue-jean maker reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $1.45 million for the quarter, compared to the consensus estimate of $1.44 billion. Levi Strauss & Co. had a net margin of 6.85% and a return on equity of 37.44%. Levi Strauss & Co.’s revenue was up 4.3% on a year-over-year basis. On average, research analysts forecast that Levi Strauss & Co. will post 1.07 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in Levi Strauss & Co. by 110.0% during the second quarter. Morgan Stanley now owns 147,418 shares of the blue-jean maker’s stock worth $3,079,000 after buying an additional 77,224 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in Levi Strauss & Co. during the second quarter worth $306,000. Capital Growth Management LP bought a new position in Levi Strauss & Co. during the second quarter worth $11,066,000. Charles Schwab Investment Management Inc. bought a new position in Levi Strauss & Co. during the second quarter worth $3,343,000. Finally, TD Asset Management Inc. bought a new position in Levi Strauss & Co. during the second quarter worth $2,401,000. Institutional investors and hedge funds own 10.37% of the company’s stock.

LEVI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Levi Strauss & Co. from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded shares of Levi Strauss & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Guggenheim reiterated a “buy” rating on shares of Levi Strauss & Co. in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Bank of America boosted their target price on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Levi Strauss & Co. has a consensus rating of “Hold” and an average price target of $23.86.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)