Margaret Haas Sells 2,279 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Margaret Haas sold 2,279 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $24.01, for a total transaction of $54,718.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Levi Strauss & Co. Trading Down 2.0%

Shares of LEVI stock opened at $23.24 on Friday. The firm has a 50-day moving average price of $21.28 and a 200 day moving average price of $21.17. Levi Strauss & Co. has a twelve month low of $16.50 and a twelve month high of $24.82. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.79 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.97 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 for the quarter, beating the consensus estimate of $0.37 by $0.05. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. Research analysts forecast that Levi Strauss & Co. will post 1.5 earnings per share for the current fiscal year.

Levi Strauss & Co. Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on LEVI. Telsey Advisory Group reissued an “outperform” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 1st. Jefferies Financial Group initiated coverage on shares of Levi Strauss & Co. in a research note on Wednesday, February 4th. They issued a “buy” rating and a $25.00 target price for the company. UBS Group upped their price objective on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 8th. TD Cowen reaffirmed a “buy” rating and set a $28.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday. Finally, Weiss Ratings raised shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors have recently modified their holdings of LEVI. Measured Wealth Private Client Group LLC purchased a new position in Levi Strauss & Co. in the 4th quarter worth approximately $26,000. US Bancorp DE boosted its holdings in Levi Strauss & Co. by 260.5% in the 3rd quarter. US Bancorp DE now owns 1,121 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 810 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Levi Strauss & Co. by 140.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,425 shares of the blue-jean maker’s stock worth $26,000 after acquiring an additional 833 shares during the period. Kestra Advisory Services LLC purchased a new position in Levi Strauss & Co. in the 4th quarter worth approximately $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Levi Strauss & Co. by 133.5% in 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 acquiring an additional 1,879 shares during the period. Hedge funds and other institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. News Roundup

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

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.