Christopher J. Mccormick Buys 500 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) Director Christopher J. Mccormick acquired 500 shares of the business’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $22.11 per share, with a total value of $11,055.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately $11,055. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Levi Strauss & Co. Price Performance

Shares of LEVI opened at $22.25 on Wednesday. The firm has a 50-day simple moving average of $19.78 and a two-hundred day simple moving average of $17.25. The stock has a market cap of $8.85 billion, a PE ratio of 71.76, a P/E/G ratio of 1.26 and a beta of 1.19. Levi Strauss & Co. has a 1-year low of $12.41 and a 1-year high of $22.40. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.43 and a quick ratio of 0.78.

Levi Strauss & Co. (NYSE:LEVI) last posted its earnings results on Wednesday, April 3rd. The blue-jean maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.55 billion. Levi Strauss & Co. had a net margin of 2.05% and a return on equity of 20.68%. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. As a group, analysts forecast that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The company 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. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. Levi Strauss & Co.’s dividend payout ratio is presently 154.84%.

Hedge Funds Weigh In On Levi Strauss & Co.

A number of hedge funds and other institutional investors have recently bought and sold shares of LEVI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Levi Strauss & Co. by 43.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,978 shares of the blue-jean maker’s stock worth $271,000 after purchasing an additional 6,018 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Levi Strauss & Co. by 25.3% in the third 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. increased its stake in 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 worth $231,000 after buying an additional 800 shares during the period. Duality Advisers LP acquired a new stake in Levi Strauss & Co. during the 3rd quarter worth approximately $225,000. Finally, Victory Capital Management Inc. boosted its position in Levi Strauss & Co. by 16.6% in the 3rd quarter. Victory Capital Management Inc. now owns 686,602 shares of the blue-jean maker’s stock valued at $9,324,000 after buying an additional 97,809 shares during the period. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LEVI shares. Stifel Nicolaus increased their price target on Levi Strauss & Co. from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, April 4th. UBS Group raised their target price on Levi Strauss & Co. from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. TD Cowen boosted their price target on shares of Levi Strauss & Co. from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Telsey Advisory Group raised their price objective on shares of Levi Strauss & Co. from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Thursday, April 4th. Finally, TheStreet raised shares of Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.56.

Levi Strauss & Co. Company Profile

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.