E. Haas Jr. Family Fund Peter Sells 145,662 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder E. Haas Jr. Family Fund Peter sold 145,662 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $24.01, for a total value of $3,497,344.62. Following the completion of the sale, the insider owned 145,662 shares of the company’s stock, valued at approximately $3,497,344.62. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

E. Haas Jr. Family Fund Peter also recently made the following trade(s):

• On Wednesday, May 27th, E. Haas Jr. Family Fund Peter sold 4,338 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $24.00, for a total value of $104,112.00.

Levi Strauss & Co. Stock Performance

Shares of LEVI opened at $24.02 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $22.23 and a two-hundred day simple moving average of $21.33. The stock has a market cap of $9.24 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 1.81 and a beta of 1.34. Levi Strauss & Co. has a 52 week low of $16.50 and a 52 week high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last issued its quarterly earnings results on Tuesday, April 7th. The blue-jean maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. On average, analysts expect that Levi Strauss & Co. will post 1.5 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.3%. Levi Strauss & Co.’s dividend payout ratio (DPR) is currently 35.67%.

Institutional Investors Weigh In On Levi Strauss & Co.

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Levi Strauss & Co. by 2,268.2% during the third quarter. Envestnet Asset Management Inc. now owns 238,883 shares of the blue-jean maker’s stock valued at $5,566,000 after buying an additional 228,796 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Levi Strauss & Co. by 44.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 4,243,680 shares of the blue-jean maker’s stock valued at $88,014,000 after buying an additional 1,296,474 shares during the last quarter. Vanguard Group Inc. boosted its stake in Levi Strauss & Co. by 3.2% during the third quarter. Vanguard Group Inc. now owns 8,978,738 shares of the blue-jean maker’s stock valued at $209,205,000 after buying an additional 277,835 shares during the last quarter. Portolan Capital Management LLC bought a new position in Levi Strauss & Co. during the third quarter valued at approximately $4,991,000. Finally, GW&K Investment Management LLC bought a new position in Levi Strauss & Co. during the third quarter valued at approximately $39,322,000. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LEVI has been the subject of several research analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $25.00 target price on shares of Levi Strauss & Co. in a research report on Monday, May 4th. UBS Group increased their target price on Levi Strauss & Co. from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. TD Cowen reiterated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, May 27th. BTIG Research reiterated a “buy” rating and set a $27.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.79.

About Levi Strauss & Co.

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.