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 Levi Strauss & Co. stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $24.01, for a total transaction of $3,497,344.62. Following the completion of the sale, the insider owned 145,662 shares of the company’s stock, valued at $3,497,344.62. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 Down 0.9%

Shares of NYSE LEVI traded down $0.22 during midday trading on Friday, hitting $24.02. The company’s stock had a trading volume of 2,017,893 shares, compared to its average volume of 2,666,474. The business’s fifty day simple moving average is $22.13 and its two-hundred day simple moving average is $21.31. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.58 and a quick ratio of 0.97. Levi Strauss & Co. has a 1 year low of $16.50 and a 1 year high of $24.82.

Levi Strauss & Co. (NYSE:LEVI) last posted its quarterly earnings data on Tuesday, April 7th. The blue-jean maker reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.05. Levi Strauss & Co. had a return on equity of 25.35% and a net margin of 9.52%.The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $0.38 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. On average, equities analysts predict that Levi Strauss & Co. will post 1.51 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LEVI shares. Weiss Ratings upgraded shares of Levi Strauss & Co. from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, April 8th. Wall Street Zen raised Levi Strauss & Co. from a “hold” rating to a “strong-buy” rating in a report on Saturday, April 11th. BTIG Research reiterated a “buy” rating and issued a $27.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, April 8th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price target on shares of Levi Strauss & Co. in a report on Monday, May 4th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.79.

Hedge Funds Weigh In On Levi Strauss & Co.

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Levi Strauss & Co. by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 9,320,747 shares of the blue-jean maker’s stock worth $193,312,000 after acquiring an additional 342,009 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Levi Strauss & Co. by 462.4% in the 1st quarter. Bank of New York Mellon Corp now owns 4,839,861 shares of the blue-jean maker’s stock worth $89,489,000 after purchasing an additional 3,979,223 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 1,296,474 shares during the period. Balyasny Asset Management L.P. boosted its stake in Levi Strauss & Co. by 9.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 3,457,702 shares of the blue-jean maker’s stock valued at $80,564,000 after purchasing an additional 294,053 shares during the period. Finally, GW&K Investment Management LLC grew its holdings in Levi Strauss & Co. by 31.5% in the 4th quarter. GW&K Investment Management LLC now owns 2,219,599 shares of the blue-jean maker’s stock worth $46,034,000 after buying an additional 531,963 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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.