Levi Strauss & Co. (NYSE:LEVI) Major Shareholder Sells $2,091,179.01 in Stock

Levi Strauss & Co. (NYSE:LEVI) major shareholder Walter J. Haas sold 122,077 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.13, for a total value of $2,091,179.01. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Walter J. Haas also recently made the following trade(s):

  • On Wednesday, November 20th, Walter J. Haas sold 73,845 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $16.53, for a total value of $1,220,657.85.
  • On Wednesday, November 13th, Walter J. Haas sold 37,290 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $16.96, for a total value of $632,438.40.
  • On Monday, November 11th, Walter J. Haas sold 22,321 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $17.06, for a total value of $380,796.26.
  • On Friday, November 8th, Walter J. Haas sold 50,749 shares of Levi Strauss & Co. stock. The stock was sold at an average price of $17.10, for a total value of $867,807.90.

Shares of LEVI traded up $0.10 during trading hours on Wednesday, reaching $16.99. 647,419 shares of the company’s stock traded hands, compared to its average volume of 1,470,790. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.58 and a current ratio of 2.37. Levi Strauss & Co. has a 12 month low of $16.00 and a 12 month high of $24.50. The firm’s 50 day simple moving average is $17.16 and its 200-day simple moving average is $18.83.

Levi Strauss & Co. (NYSE:LEVI) last announced its quarterly earnings results on Tuesday, October 8th. The blue-jean maker reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. The business had revenue of $1.45 million for the quarter, compared to analysts’ expectations of $1.44 billion. Levi Strauss & Co. had a return on equity of 37.44% and a net margin of 6.85%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Levi Strauss & Co. will post 1.07 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on LEVI shares. Guggenheim reissued a “buy” rating on shares of Levi Strauss & Co. in a research report on Wednesday, September 4th. ValuEngine raised Levi Strauss & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America raised their target price on Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Macquarie initiated coverage on Levi Strauss & Co. in a research report on Monday, October 21st. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Levi Strauss & Co. has a consensus rating of “Buy” and an average price target of $24.43.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in Levi Strauss & Co. during the second quarter valued at approximately $58,000. Aperio Group LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $62,000. Parallel Advisors LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $96,000. Acadian Asset Management LLC bought a new stake in shares of Levi Strauss & Co. in the 2nd quarter valued at approximately $174,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at approximately $253,000. 10.37% of the stock is owned by hedge funds and other institutional investors.

Levi Strauss & Co. Company Profile

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

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Insider Buying and Selling by Quarter for Levi Strauss & Co. (NYSE:LEVI)

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