David A. Friedman Sells 4,166 Shares of Levi Strauss & Co. (NYSE:LEVI) Stock

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the completion of the transaction, the director now owns 104,178 shares of the company’s stock, valued at approximately $1,875,204. This trade represents a 3.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Levi Strauss & Co. Trading Down 0.8 %

Shares of NYSE LEVI traded down $0.14 during mid-day trading on Tuesday, reaching $17.70. 1,348,306 shares of the company’s stock were exchanged, compared to its average volume of 1,319,541. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The company’s 50-day moving average is $17.16 and its 200-day moving average is $18.43. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 0.95 and a beta of 1.16.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LEVI. Stifel Nicolaus cut their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. TD Cowen cut their price objective on Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 price target on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Levi Strauss & Co. during the 2nd quarter worth approximately $8,552,000. Davidson Kempner Capital Management LP purchased a new position in shares of Levi Strauss & Co. in the second quarter valued at $3,219,000. Shellback Capital LP purchased a new stake in shares of Levi Strauss & Co. in the second quarter valued at about $482,000. Aigen Investment Management LP acquired a new stake in Levi Strauss & Co. during the 3rd quarter valued at $1,673,000. Finally, Armistice Capital LLC purchased a new stake in Levi Strauss & Co. during the 2nd quarter worth about $6,690,000. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.