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

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

Levi Strauss & Co. Trading Up 1.3 %

NYSE LEVI opened at $17.90 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Levi Strauss & Co. has a 1-year low of $14.87 and a 1-year high of $24.34. The firm’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $18.40. The company has a market capitalization of $7.10 billion, a PE ratio of 47.11, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16.

Wall Street Analysts Forecast Growth

LEVI has been the topic of several recent analyst reports. Barclays initiated coverage on Levi Strauss & Co. in a report on Wednesday. They set an “overweight” rating and a $24.00 price objective on the stock. TD Cowen reduced their price target on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their target price 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, JPMorgan Chase & Co. lifted their price target on Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Levi Strauss & Co. by 44.6% during the 3rd quarter. FMR LLC now owns 9,420,007 shares of the blue-jean maker’s stock valued at $205,356,000 after buying an additional 2,907,099 shares during the last quarter. Marshall Wace LLP raised its position in Levi Strauss & Co. by 21.5% during the second quarter. Marshall Wace LLP now owns 4,274,326 shares of the blue-jean maker’s stock valued at $82,409,000 after acquiring an additional 756,926 shares in the last quarter. Millennium Management LLC lifted its stake in Levi Strauss & Co. by 2,083.0% in the second quarter. Millennium Management LLC now owns 1,923,206 shares of the blue-jean maker’s stock valued at $37,079,000 after acquiring an additional 1,835,107 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Levi Strauss & Co. by 59.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,555,382 shares of the blue-jean maker’s stock worth $33,907,000 after acquiring an additional 579,460 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Levi Strauss & Co. by 2,070.8% during the 2nd quarter. American Century Companies Inc. now owns 1,431,518 shares of the blue-jean maker’s stock worth $27,600,000 after purchasing an additional 1,365,574 shares during the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

About Levi Strauss & Co.

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.