Levi Strauss & Co. (NYSE:LEVI - Get Rating) EVP Seth M. Ellison sold 4,315 shares of the stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $16.35, for a total value of $70,550.25. Following the completion of the transaction, the executive vice president now directly owns 89,946 shares in the company, valued at approximately $1,470,617.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Levi Strauss & Co. Stock Down 0.8 %
LEVI traded down $0.12 on Thursday, hitting $15.57. The company had a trading volume of 3,017,566 shares, compared to its average volume of 1,996,061. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.49 and a quick ratio of 0.80. Levi Strauss & Co. has a 52-week low of $13.57 and a 52-week high of $28.62. The stock has a fifty day simple moving average of $15.62 and a 200-day simple moving average of $17.08. The firm has a market capitalization of $6.14 billion, a P/E ratio of 11.12, a P/E/G ratio of 5.04 and a beta of 1.13.
Levi Strauss & Co. (NYSE:LEVI - Get Rating) last issued its quarterly earnings data on Thursday, October 6th. The blue-jean maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. Levi Strauss & Co. had a net margin of 9.12% and a return on equity of 36.68%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the business posted $0.48 earnings per share. Levi Strauss & Co.'s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts expect that Levi Strauss & Co. will post 1.46 EPS for the current fiscal year.
Levi Strauss & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 21st. Shareholders of record on Friday, November 4th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a $0.48 annualized dividend and a yield of 3.08%. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 34.29%.
Institutional Trading of Levi Strauss & Co.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Levi Strauss & Co. by 8.0% during the third quarter. State Street Corp now owns 544,413 shares of the blue-jean maker's stock valued at $7,878,000 after purchasing an additional 40,299 shares during the last quarter. Twinbeech Capital LP purchased a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $959,000. Two Sigma Investments LP lifted its holdings in shares of Levi Strauss & Co. by 490.5% during the third quarter. Two Sigma Investments LP now owns 452,665 shares of the blue-jean maker's stock valued at $6,550,000 after purchasing an additional 376,007 shares during the last quarter. Trexquant Investment LP lifted its holdings in shares of Levi Strauss & Co. by 16.9% during the third quarter. Trexquant Investment LP now owns 204,010 shares of the blue-jean maker's stock valued at $2,952,000 after purchasing an additional 29,452 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Levi Strauss & Co. by 19.9% during the third quarter. UBS Asset Management Americas Inc. now owns 99,789 shares of the blue-jean maker's stock valued at $1,444,000 after purchasing an additional 16,589 shares during the last quarter. 17.81% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
LEVI has been the topic of a number of recent research reports. Guggenheim reduced their price objective on Levi Strauss & Co. from $33.00 to $27.00 and set a "buy" rating on the stock in a research note on Friday, October 7th. Evercore ISI reduced their price objective on Levi Strauss & Co. to $22.00 in a research note on Thursday, October 13th. Wells Fargo & Company reduced their price objective on Levi Strauss & Co. from $22.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, October 7th. JPMorgan Chase & Co. raised their price objective on Levi Strauss & Co. from $20.00 to $23.00 in a research note on Friday, October 7th. Finally, Stifel Nicolaus reduced their price objective on Levi Strauss & Co. from $26.00 to $23.00 in a research note on Wednesday, July 20th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.18.
About Levi Strauss & Co.
Levi Strauss & Co operates as an apparel company. The company designs, markets, and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, footwear, and related accessories for men, women, and children in the Americas, Europe, and Asia. It also sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands.
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