Stock traders buy large volume of Levi Strauss & Co. (NYSE:LEVI) put options

Levi Strauss & Co. (NYSE:LEVI – Get Rating) saw some unusual options trading on Thursday. Traders bought 12,540 put options on the stock. This represents an increase of approximately 312% from the typical volume of 3,045 put options.

Wall Street analysts predict growth

A number of analysts have recently released reports on the company. Stifel Nicolaus reduced his price target on Levi Strauss & Co. from $26.00 to $23.00 in a Wednesday, July 20 report. Evercore ISI cut its price target on Levi Strauss & Co. from $40.00 to $30.00 and set an “outperform” rating for the company in a Friday, July 8 report. UBS Group reduced its price target on Levi Strauss & Co. from $31.00 to $24.00 in a Friday, July 15 report. JPMorgan Chase & Co. raised its price target on Levi Strauss & Co. from $22.00 to $23.00 in a Friday, September 16 report. Finally, Morgan Stanley downgraded Levi Strauss & Co. from an “overweight” rating to an “equal weight” rating and set a price target of $19.00 for the company. in a report on Thursday, August 4. One equity research analyst gave the stock a hold rating and nine gave the company’s stock a buy rating. Based on data from, Levi Strauss & Co. has an average rating of “Moderate Buy” and a consensus price target of $26.27.

Insider Buying and Selling at Levi Strauss & Co.

In other Levi Strauss & Co. news, Executive Vice President Seth Jaffe sold 11,276 shares of Levi Strauss & Co. in a trade dated Friday, September 30. The stock was sold at an average price of $14.95, for a total value of $168,576.20. Following the completion of the sale, the executive vice president now owns 148,299 shares of the company, valued at approximately $2,217,070.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. 3.69% of the shares are held by insiders of the company.

Institutional entries and exits

Several institutional investors and hedge funds have recently changed their LEVI holdings. Millennium Management LLC increased its stake in shares of Levi Strauss & Co. by 21.4% in the fourth quarter. Millennium Management LLC now owns 1,155,274 shares of the blue jeans maker worth $28,917,000 after buying an additional 203,977 shares last quarter. Western Pacific Wealth Management LP bought a new position in Levi Strauss & Co. during the fourth quarter, valued at around $50,000. Evergreen Capital Management LLC increased its stake in Levi Strauss & Co. by 3.0% during the fourth quarter. Evergreen Capital Management LLC now owns 90,185 shares of the blue jeans maker valued at $2,257,000 after buying an additional 2,590 shares last quarter. Twelve Points Wealth Management LLC bought a new position in Levi Strauss & Co. during the fourth quarter, valued at approximately $212,000. Finally, Iron Horse Wealth Management LLC bought a new position in Levi Strauss & Co. during the first quarter, valued at approximately $89,000. Institutional investors hold 17.81% of the company’s shares.

Levi Strauss & Co. stock performance

NYSE LEVI traded down $0.59 during Thursday trading hours, hitting $15.99. The company had a trading volume of 147,662 shares, compared to its average volume of 2,445,548. Levi Strauss & Co. has a fifty-two-week low of $14.43 and a fifty-two-week high. of $28.62. The company has a quick ratio of 0.88, a current ratio of 1.53 and a debt ratio of 0.58. The company has a fifty-day simple moving average of $17.87 and a 200-day simple moving average of $18.05. The company has a market capitalization of $6.34 billion, a P/E ratio of 11.12, a price-to-earnings growth ratio of 2.60 and a beta of 1.15.

Levi Strauss & Co. (NYSE:LEVI – Get Rating) last reported results on Thursday, July 7. The blue jeans maker reported earnings per share of $0.29 for the quarter, beating the consensus estimate of $0.23 by $0.06. Levi Strauss & Co. had a return on equity of 40.03% and a net margin of 9.48%. The company posted revenue of $1.47 billion for the quarter, compared to analysts’ estimates of $1.43 billion. During the same period last year, the company earned earnings per share of $0.23. The company’s revenue for the quarter increased 15.3% on an annual basis. Stock analysts predict that Levi Strauss & Co. will post EPS of 1.54 for the current year.

About Levi Strauss & Co.

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Levi Strauss & Co operates as a clothing company. The company designs, markets and sells jeans, casual and dress pants, activewear, tops, shorts, skirts, dresses, jackets, shoes and related accessories for men, women and children in the Americas, Europe and Asia. It also sells its products under the Levi’s, Dockers, Signature by Levi Strauss & Co and Denizen brands.

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