Levi Strauss & Co. (NYSE:LEVI) major shareholder Jennifer C. Haas sold 11,841 shares of Levi Strauss & Co. stock in a transaction on Friday, January 10th. The shares were sold at an average price of $18.50, for a total transaction of $219,058.50. Following the completion of the sale, the insider now directly owns 11,841 shares of the company’s stock, valued at approximately $219,058.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Levi Strauss & Co. stock traded up $0.14 on Tuesday, reaching $18.99. 884,758 shares of the stock were exchanged, compared to its average volume of 695,584. The company has a quick ratio of 1.58, a current ratio of 2.37 and a debt-to-equity ratio of 0.69. Levi Strauss & Co. has a twelve month low of $16.00 and a twelve month high of $24.50. The firm has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $18.31.
LEVI has been the subject of several analyst reports. ValuEngine raised shares of Levi Strauss & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Levi Strauss & Co. from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Tuesday, December 31st. Bank of America lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on shares of Levi Strauss & Co. from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Finally, Macquarie initiated coverage on shares of Levi Strauss & Co. in a research note on Monday, October 21st. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Levi Strauss & Co. has an average rating of “Buy” and an average price target of $23.63.
Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley lifted its position in Levi Strauss & Co. by 110.0% during the 2nd quarter. Morgan Stanley now owns 147,418 shares of the blue-jean maker’s stock worth $3,079,000 after acquiring an additional 77,224 shares during the last quarter. Charles Schwab Investment Management Inc. acquired a new position in Levi Strauss & Co. during the 2nd quarter worth $3,343,000. Capital Investment Counsel Inc acquired a new position in Levi Strauss & Co. during the 3rd quarter worth $280,000. Cambiar Investors LLC acquired a new position in Levi Strauss & Co. during the 3rd quarter worth $3,762,000. Finally, Nuveen Asset Management LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter worth $17,672,000. 10.35% 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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