Insider Selling: Levi Strauss & Co. (NYSE:LEVI) Director Sells 4,166 Shares of Stock

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

Levi Strauss & Co. Stock Down 0.8 %

Shares of NYSE:LEVI opened at $17.70 on Wednesday. The business’s 50 day moving average is $17.16 and its 200 day moving average is $18.40. The stock has a market cap of $7.02 billion, a P/E ratio of 46.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a 52-week low of $14.87 and a 52-week high of $24.34. The company has a quick ratio of 0.76, a current ratio of 1.41 and a debt-to-equity ratio of 0.54.

Institutional Investors Weigh In On Levi Strauss & Co.

Several hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP raised its holdings in shares of Levi Strauss & Co. by 1.8% in the second quarter. Brandes Investment Partners LP now owns 42,745 shares of the blue-jean maker’s stock valued at $824,000 after acquiring an additional 743 shares in the last quarter. Hunter Perkins Capital Management LLC increased its position in Levi Strauss & Co. by 3.7% during the 3rd quarter. Hunter Perkins Capital Management LLC now owns 21,690 shares of the blue-jean maker’s stock valued at $473,000 after purchasing an additional 765 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of Levi Strauss & Co. in the 3rd quarter valued at about $27,000. 272 Capital LP purchased a new stake in shares of Levi Strauss & Co. in the 2nd quarter worth approximately $35,000. Finally, nVerses Capital LLC lifted its position in shares of Levi Strauss & Co. by 17.8% in the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the blue-jean maker’s stock worth $259,000 after purchasing an additional 1,800 shares during the period. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.