Levi Strauss & Co. (NYSE:LEVI) Sees Unusually-High Trading Volume

Shares of Levi Strauss & Co. (NYSE:LEVIGet Free Report) saw an uptick in trading volume on Tuesday . 1,732,519 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 1,873,328 shares.The stock last traded at $19.16 and had previously closed at $20.30.

Analyst Ratings Changes

Several brokerages recently commented on LEVI. TheStreet raised Levi Strauss & Co. from a “c+” rating to a “b-” rating in a research note on Tuesday, February 13th. UBS Group upped their target price on Levi Strauss & Co. from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Telsey Advisory Group upped their target price on Levi Strauss & Co. from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. decreased their target price on Levi Strauss & Co. from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Friday, January 26th. Finally, Wells Fargo & Company decreased their target price on Levi Strauss & Co. from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.10.

Get Our Latest Analysis on LEVI

Levi Strauss & Co. Stock Down 6.3 %

The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 30.27, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.48 and a quick ratio of 0.75. The business has a 50 day moving average of $17.91 and a 200 day moving average of $15.93.

Levi Strauss & Co. (NYSE:LEVIGet Free Report) last released its quarterly earnings results on Tuesday, January 23rd. The blue-jean maker reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Levi Strauss & Co. had a return on equity of 22.33% and a net margin of 4.04%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company earned $0.34 EPS. Levi Strauss & Co.’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, equities analysts anticipate that Levi Strauss & Co. will post 1.22 EPS for the current year.

Levi Strauss & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Wednesday, February 7th were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 2.52%. Levi Strauss & Co.’s dividend payout ratio is presently 76.19%.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, major shareholder Bradley J. Haas sold 23,041 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.01, for a total value of $461,050.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Bradley J. Haas sold 23,041 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.01, for a total transaction of $461,050.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Friedman sold 10,422 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $20.00, for a total value of $208,440.00. Following the transaction, the director now directly owns 169,008 shares of the company’s stock, valued at $3,380,160. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,753 shares of company stock valued at $2,423,031. Company insiders own 3.14% of the company’s stock.

Institutional Trading of Levi Strauss & Co.

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in shares of Levi Strauss & Co. by 0.7% during the fourth quarter. California State Teachers Retirement System now owns 84,278 shares of the blue-jean maker’s stock worth $1,394,000 after purchasing an additional 618 shares during the period. Cutter & CO Brokerage Inc. increased its stake in shares of Levi Strauss & Co. by 4.9% during the third quarter. Cutter & CO Brokerage Inc. now owns 17,000 shares of the blue-jean maker’s stock worth $231,000 after purchasing an additional 800 shares during the period. Deutsche Bank AG grew its position in Levi Strauss & Co. by 30.6% during the first quarter. Deutsche Bank AG now owns 3,636 shares of the blue-jean maker’s stock worth $66,000 after buying an additional 851 shares in the last quarter. Strategic Advisors LLC grew its position in Levi Strauss & Co. by 5.2% during the third quarter. Strategic Advisors LLC now owns 18,600 shares of the blue-jean maker’s stock worth $253,000 after buying an additional 927 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its position in Levi Strauss & Co. by 2.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 34,037 shares of the blue-jean maker’s stock worth $528,000 after buying an additional 941 shares in the last quarter. Institutional investors own 69.14% of the company’s stock.

Levi Strauss & Co. Company Profile

(Get Free Report)

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.

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