Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $4,364,788.68 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Robert Haas sold 192,451 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $22.68, for a total transaction of $4,364,788.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Levi Strauss & Co. Stock Down 2.0%

Shares of LEVI opened at $23.24 on Friday. The company has a 50-day simple moving average of $21.28 and a 200-day simple moving average of $21.17. The firm has a market capitalization of $8.94 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.75 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. Levi Strauss & Co. has a 52 week low of $16.50 and a 52 week high of $24.82.

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, beating analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.65 billion. Levi Strauss & Co. had a net margin of 9.52% and a return on equity of 25.35%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, equities research analysts expect that Levi Strauss & Co. will post 1.5 earnings per share for the current year.

Levi Strauss & Co. Dividend Announcement

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

More 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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LEVI shares. Wall Street Zen raised shares of Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a research report on Saturday, April 11th. Raymond James Financial reissued an “outperform” rating and issued a $25.00 target price on shares of Levi Strauss & Co. in a research note on Monday, May 4th. 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. BTIG Research reissued a “buy” rating and issued a $27.00 target price on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. 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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $26.79.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in Levi Strauss & Co. by 2,268.2% in the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock valued at $5,566,000 after acquiring an additional 228,796 shares during the period. Truist Financial Corp bought a new stake in Levi Strauss & Co. during the third quarter worth about $2,478,000. Vanguard Group Inc. grew its stake in Levi Strauss & Co. by 3.2% during the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock worth $209,205,000 after buying an additional 277,835 shares during the last quarter. GW&K Investment Management LLC bought a new stake in Levi Strauss & Co. during the third quarter worth about $39,322,000. Finally, Portolan Capital Management LLC bought a new stake in Levi Strauss & Co. during the third quarter worth about $4,991,000. Institutional investors own 69.14% of the company’s stock.

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.