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

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 4,166 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $18.00, for a total value of $74,988.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Levi Strauss & Co. Stock Up 1.3 %

Shares of LEVI opened at $17.90 on Friday. The business’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $18.39. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of 47.11, a PEG 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 debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 1.41.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LEVI shares. Stifel Nicolaus lowered their target price on shares of Levi Strauss & Co. from $28.00 to $25.00 and set a “buy” rating on the stock in a 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 stock a “neutral” rating in a research note on Thursday, October 3rd. TD Cowen cut their target price on shares of Levi Strauss & Co. from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Telsey Advisory Group restated an “outperform” rating and set a $26.00 price target on shares of Levi Strauss & Co. in a research report on Wednesday, October 16th. Finally, Barclays assumed coverage on Levi Strauss & Co. in a research report on Wednesday. They issued an “overweight” rating and a $24.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Levi Strauss & Co. currently has an average rating of “Moderate Buy” and an average target price of $22.89.

Hedge Funds Weigh In On Levi Strauss & Co.

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new position in Levi Strauss & Co. during the 2nd quarter valued at about $380,000. Quest Partners LLC bought a new position in Levi Strauss & Co. in the second quarter valued at approximately $389,000. Headlands Technologies LLC acquired a new stake in Levi Strauss & Co. during the 2nd quarter worth $135,000. ClariVest Asset Management LLC bought a new stake in shares of Levi Strauss & Co. during the 2nd quarter valued at $1,203,000. Finally, Pier Capital LLC acquired a new position in shares of Levi Strauss & Co. in the 2nd quarter valued at $7,065,000. Institutional investors own 69.14% of the company’s stock.

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.