Levi Strauss & Co. (NYSE:LEVI) EVP Sells $7,696,986.55 in Stock

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) EVP Harmit J. Singh sold 346,555 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $22.21, for a total transaction of $7,696,986.55. Following the sale, the executive vice president now directly owns 525,337 shares of the company's stock, valued at $11,667,734.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Levi Strauss & Co. Stock Performance

Shares of NYSE LEVI traded up $0.70 during trading on Thursday, reaching $22.68. 1,910,704 shares of the stock traded hands, compared to its average volume of 2,543,939. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78. The stock has a market capitalization of $9.03 billion, a P/E ratio of 73.16, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19. Levi Strauss & Co. has a 52-week low of $12.41 and a 52-week high of $22.74. The company has a 50-day moving average of $19.86 and a 200-day moving average of $17.28.

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) last issued its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.05. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The company's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share. Analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, May 8th. Levi Strauss & Co.'s dividend payout ratio (DPR) is presently 154.84%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Telsey Advisory Group raised their target price on Levi Strauss & Co. from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Thursday, April 4th. TheStreet raised shares of Levi Strauss & Co. from a "c+" rating to a "b-" rating in a report on Tuesday, February 13th. UBS Group increased their target price on shares of Levi Strauss & Co. from $23.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, April 4th. TD Cowen upped their price objective on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, April 4th. Finally, Wells Fargo & Company lifted their price target on Levi Strauss & Co. from $17.00 to $20.00 and gave the stock an "equal weight" rating in a report on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.56.

Institutional Investors Weigh In On Levi Strauss & Co.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Levi Strauss & Co. by 43.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,978 shares of the blue-jean maker's stock worth $271,000 after buying an additional 6,018 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Levi Strauss & Co. by 25.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,327,756 shares of the blue-jean maker's stock valued at $18,031,000 after purchasing an additional 267,760 shares in the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Levi Strauss & Co. by 4.9% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 17,000 shares of the blue-jean maker's stock valued at $231,000 after purchasing an additional 800 shares in the last quarter. Duality Advisers LP bought a new position in shares of Levi Strauss & Co. in the third quarter worth $225,000. Finally, Victory Capital Management Inc. raised its position in shares of Levi Strauss & Co. by 16.6% in the third quarter. Victory Capital Management Inc. now owns 686,602 shares of the blue-jean maker's stock worth $9,324,000 after buying an additional 97,809 shares in the last quarter. Institutional investors own 69.14% of the company's stock.

About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells apparels and related accessories for men, women, and children worldwide. The company offers jeans, casual and dress pants, activewears, tops, shorts, skirts, dresses, jumpsuits, shirts, sweaters, jackets, footwear, and related accessories under the Levi's, Dockers, Signature by Levi Strauss & Co, Denizen, and Beyond Yoga brands.

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