Levi Strauss & Co. (NYSE:LEVI) EVP Seth M. Ellison Sells 4,431 Shares

Levi Strauss & Co. (NYSE:LEVIGet Rating) EVP Seth M. Ellison sold 4,431 shares of the firm’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $15.43, for a total value of $68,370.33. Following the completion of the sale, the executive vice president now directly owns 89,946 shares of the company’s stock, valued at $1,387,866.78. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Levi Strauss & Co. Stock Performance

Shares of LEVI opened at $15.72 on Tuesday. The stock has a 50-day simple moving average of $15.54 and a 200-day simple moving average of $17.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.80 and a current ratio of 1.49. The stock has a market capitalization of $6.20 billion, a PE ratio of 11.23, a PEG ratio of 4.85 and a beta of 1.13. Levi Strauss & Co. has a 1 year low of $13.57 and a 1 year high of $28.62.

Levi Strauss & Co. (NYSE:LEVIGet Rating) last announced its quarterly earnings data on Thursday, October 6th. The blue-jean maker reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Levi Strauss & Co. had a return on equity of 36.68% and a net margin of 9.12%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. On average, analysts predict that Levi Strauss & Co. will post 1.46 earnings per share for the current fiscal year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Stockholders of record on Friday, November 4th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.05%. The ex-dividend date was Thursday, November 3rd. Levi Strauss & Co.’s payout ratio is presently 34.29%.

Wall Street Analysts Forecast Growth

LEVI has been the subject of a number of recent research reports. Evercore ISI cut their target price on Levi Strauss & Co. to $22.00 in a research note on Thursday, October 13th. Morgan Stanley cut their price objective on Levi Strauss & Co. from $19.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, October 13th. Guggenheim cut their price objective on Levi Strauss & Co. from $33.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, October 7th. Telsey Advisory Group cut their price objective on Levi Strauss & Co. from $30.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, October 7th. Finally, Wells Fargo & Company cut their price objective on Levi Strauss & Co. from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.18.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds and other institutional investors have recently made changes to their positions in LEVI. Cambridge Trust Co. boosted its stake in shares of Levi Strauss & Co. by 387.5% in the 1st quarter. Cambridge Trust Co. now owns 2,072,760 shares of the blue-jean maker’s stock valued at $40,958,000 after buying an additional 1,647,540 shares during the period. M. Kulyk & Associates LLC lifted its stake in Levi Strauss & Co. by 1,943.1% during the third quarter. M. Kulyk & Associates LLC now owns 1,256,999 shares of the blue-jean maker’s stock worth $18,189,000 after purchasing an additional 1,195,475 shares during the last quarter. Wellington Management Group LLP lifted its stake in Levi Strauss & Co. by 20.5% during the first quarter. Wellington Management Group LLP now owns 6,365,036 shares of the blue-jean maker’s stock worth $125,773,000 after purchasing an additional 1,084,969 shares during the last quarter. Parnassus Investments LLC lifted its stake in Levi Strauss & Co. by 19.1% during the first quarter. Parnassus Investments LLC now owns 6,480,060 shares of the blue-jean maker’s stock worth $128,046,000 after purchasing an additional 1,039,754 shares during the last quarter. Finally, Trillium Asset Management LLC lifted its stake in Levi Strauss & Co. by 120.9% during the second quarter. Trillium Asset Management LLC now owns 834,904 shares of the blue-jean maker’s stock worth $13,627,000 after purchasing an additional 456,913 shares during the last quarter. Hedge funds and other institutional investors own 17.81% of the company’s stock.

About Levi Strauss & Co.

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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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Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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