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

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $18.44, for a total transaction of $76,821.04. Following the transaction, the director now directly owns 100,012 shares in the company, valued at $1,844,221.28. This trade represents a 4.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Levi Strauss & Co. Stock Down 0.6 %

Levi Strauss & Co. stock opened at $19.08 on Friday. The business’s 50-day simple moving average is $17.75 and its two-hundred day simple moving average is $18.19. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market cap of $7.57 billion, a PE ratio of 36.68, a PEG ratio of 1.96 and a beta of 1.17. Levi Strauss & Co. has a fifty-two week low of $15.62 and a fifty-two week high of $24.34.

Levi Strauss & Co. (NYSE:LEVI) last issued its earnings results on Wednesday, January 29th. The blue-jean maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Levi Strauss & Co. had a return on equity of 25.88% and a net margin of 3.32%. Equities analysts anticipate that Levi Strauss & Co. will post 1.27 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.73%. Levi Strauss & Co.’s payout ratio is currently 100.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. acquired a new stake in Levi Strauss & Co. during the 3rd quarter worth about $27,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Levi Strauss & Co. in the 4th quarter valued at about $39,000. Matrix Trust Co boosted its stake in shares of Levi Strauss & Co. by 678.9% in the fourth quarter. Matrix Trust Co now owns 5,507 shares of the blue-jean maker’s stock worth $95,000 after buying an additional 4,800 shares during the last quarter. R Squared Ltd acquired a new stake in Levi Strauss & Co. during the fourth quarter worth about $105,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Levi Strauss & Co. by 2,904.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,137 shares of the blue-jean maker’s stock valued at $112,000 after acquiring an additional 4,966 shares in the last quarter. 69.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LEVI has been the topic of several research reports. Barclays cut their price objective on shares of Levi Strauss & Co. from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Morgan Stanley reduced their target price on shares of Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Telsey Advisory Group reduced their price objective on shares of Levi Strauss & Co. from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. UBS Group lowered their target price on shares of Levi Strauss & Co. from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price target on Levi Strauss & Co. from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average target price of $21.27.

Levi Strauss & Co. Company Profile

Levi Strauss & Co engages in the design, marketing, and sale of apparel products. The company offers jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories. It operates through the following geographical segments: Americas, Europe, and Asia. The company was founded by Levi Strauss in 1853 and is headquartered in San Francisco, CA.