Levi Strauss & Co. (NYSE:LEVI) EVP Karyn Hillman Sells 38,938 Shares

Levi Strauss & Co. (NYSE:LEVI) EVP Karyn Hillman sold 38,938 shares of Levi Strauss & Co. stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $22.91, for a total transaction of $892,069.58. Following the completion of the transaction, the executive vice president owned 91,522 shares in the company, valued at approximately $2,096,769.02. This trade represents a 29.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Levi Strauss & Co. Stock Down 0.4%

Shares of LEVI opened at $22.66 on Friday. The firm has a market cap of $8.71 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.72 and a beta of 1.35. The company’s fifty day moving average is $20.59 and its two-hundred day moving average is $21.02. Levi Strauss & Co. has a fifty-two week low of $16.50 and a fifty-two week high of $24.82. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.05. The company had revenue of $1.74 billion for 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%. Levi Strauss & Co.’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $0.38 EPS. Analysts forecast that Levi Strauss & Co. will post 1.5 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, April 22nd. Levi Strauss & Co.’s dividend payout ratio (DPR) is 35.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently modified their holdings of LEVI. Measured Wealth Private Client Group LLC bought a new stake in shares of Levi Strauss & Co. in the 4th quarter worth about $26,000. US Bancorp DE increased its position in shares of 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 purchasing an additional 810 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 purchasing an additional 833 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $39,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 valued at $51,000 after buying an additional 1,879 shares during the period. Institutional investors own 69.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Needham & Company LLC restated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 8th. Jefferies Financial Group assumed coverage on shares of Levi Strauss & Co. in a report on Wednesday, February 4th. They set a “buy” rating and a $25.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a report on Wednesday, April 1st. Finally, UBS Group lifted their target price on shares of Levi Strauss & Co. from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, April 8th. Twelve equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and an average price target of $26.69.

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.