Levi Strauss & Co. (NYSE:LEVI) EVP Seth M. Ellison Sells 2,735 Shares of Stock

Levi Strauss & Co. (NYSE:LEVIGet Rating) EVP Seth M. Ellison sold 2,735 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $15.61, for a total value of $42,693.35. Following the completion of the transaction, the executive vice president now owns 90,040 shares in the company, valued at approximately $1,405,524.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Levi Strauss & Co. Stock Performance

NYSE LEVI traded down $0.05 during trading hours on Thursday, reaching $16.08. 2,388,303 shares of the company were exchanged, compared to its average volume of 2,015,344. The stock has a market capitalization of $6.34 billion, a P/E ratio of 11.49, a P/E/G ratio of 4.96 and a beta of 1.13. The company has a quick ratio of 0.80, a current ratio of 1.49 and a debt-to-equity ratio of 0.53. Levi Strauss & Co. has a 1 year low of $13.57 and a 1 year high of $28.30. The business’s 50 day simple moving average is $15.49 and its 200-day simple moving average is $16.99.

Levi Strauss & Co. (NYSE:LEVIGet Rating) last issued its quarterly earnings results on Thursday, October 6th. The blue-jean maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.60 billion. Levi Strauss & Co. had a net margin of 9.12% and a return on equity of 36.68%. Levi Strauss & Co.’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, equities research analysts expect that Levi Strauss & Co. will post 1.46 earnings per share for the current year.

Levi Strauss & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Friday, November 4th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.48 annualized dividend and a dividend yield of 2.99%. Levi Strauss & Co.’s payout ratio is presently 34.29%.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group lowered their target price on Levi Strauss & Co. from $30.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, October 7th. Guggenheim lowered their price objective on shares of Levi Strauss & Co. from $33.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, October 7th. Citigroup reduced their price objective on shares of Levi Strauss & Co. from $27.00 to $19.00 and set a “buy” rating for the company in a report on Monday, October 10th. Wells Fargo & Company decreased their target price on shares of 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. Finally, Evercore ISI dropped their price target on shares of Levi Strauss & Co. to $22.00 in a research report on Thursday, October 13th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Levi Strauss & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $23.18.

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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