Levi Strauss & Co. (NYSE:LEVI) Director Sells $74,988.00 in Stock

Levi Strauss & Co. (NYSE:LEVI - Get Free Report) Director David A. Friedman sold 4,166 shares of Levi Strauss & Co. stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Levi Strauss & Co. Price Performance

Shares of Levi Strauss & Co. stock traded down $0.14 on Tuesday, hitting $17.70. The company's stock had a trading volume of 1,426,423 shares, compared to its average volume of 1,339,906. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 46.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.16. Levi Strauss & Co. has a 1 year low of $14.87 and a 1 year high of $24.34. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41. The firm has a fifty day moving average price of $17.16 and a 200-day moving average price of $18.40.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Levi Strauss & Co. from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. 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. JPMorgan Chase & Co. upped their price objective on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Thursday, October 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $22.75.

Institutional Trading of Levi Strauss & Co.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. increased its stake in shares of Levi Strauss & Co. by 1.7% during the third quarter. Franklin Resources Inc. now owns 1,230,069 shares of the blue-jean maker's stock worth $26,816,000 after purchasing an additional 20,426 shares in the last quarter. Tidal Investments LLC boosted its holdings in Levi Strauss & Co. by 11.2% in the 3rd quarter. Tidal Investments LLC now owns 166,736 shares of the blue-jean maker's stock worth $3,635,000 after buying an additional 16,785 shares during the last quarter. Geode Capital Management LLC increased its stake in Levi Strauss & Co. by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,123,957 shares of the blue-jean maker's stock worth $24,512,000 after buying an additional 20,870 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Levi Strauss & Co. during the third quarter valued at approximately $832,000. Finally, Stifel Financial Corp lifted its position in shares of Levi Strauss & Co. by 73.9% in the third quarter. Stifel Financial Corp now owns 149,947 shares of the blue-jean maker's stock valued at $3,269,000 after acquiring an additional 63,718 shares in the last quarter. 69.14% of the stock is currently owned by hedge funds and other institutional investors.

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.