Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman 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 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 in the company, valued at approximately $1,875,204. This represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Levi Strauss & Co. Trading Down 0.8 %

Shares of LEVI opened at $17.70 on Wednesday. Levi Strauss & Co. has a fifty-two week low of $14.87 and a fifty-two week 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 company’s fifty day moving average is $17.16 and its 200 day moving average is $18.40. The stock has a market capitalization of $7.02 billion, a PE ratio of 46.58, a P/E/G ratio of 0.95 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Stifel Nicolaus decreased their target price on Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price objective on shares of Levi Strauss & Co. in a report on Wednesday, October 16th. TD Cowen lowered their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Levi Strauss & Co. from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.75.

Institutional Trading of Levi Strauss & Co.

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

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.