Insider Selling: Levi Strauss & Co. (NYSE:LEVI) Director Sells 150,000 Shares of Stock

Levi Strauss & Co. (NYSE:LEVI) Director David A. Friedman sold 150,000 shares of Levi Strauss & Co. stock in a transaction on Monday, March 25th. The shares were sold at an average price of $17.00, for a total value of $2,550,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE LEVI traded up $0.34 during trading hours on Friday, hitting $23.79. 2,058,588 shares of the company were exchanged, compared to its average volume of 3,385,773. Levi Strauss & Co. has a 52-week low of $21.24 and a 52-week high of $24.50.

Several research firms recently issued reports on LEVI. Telsey Advisory Group began coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued an “outperform” rating and a $28.00 price objective on the stock. Bank of America began coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “neutral” rating and a $25.00 price objective on the stock. Citigroup began coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “buy” rating and a $27.00 price objective on the stock. Goldman Sachs Group started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They issued a “neutral” rating and a $21.00 price objective on the stock. Finally, Guggenheim started coverage on Levi Strauss & Co. in a report on Monday, April 15th. They set a “buy” rating and a $26.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Levi Strauss & Co. currently has an average rating of “Buy” and a consensus price target of $25.14.

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About Levi Strauss & Co.

Levi Strauss & Co designs, markets, and sells jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear, and related accessories for men, women, and children. The company sells its products under the Levi's, Dockers, Signature by Levi Strauss & Co, and Denizen brands; and also licenses its Levi's and Dockers trademarks for various product categories, including footwear, belts, wallets and bags, outerwear, sweaters, dress shirts, kids wear, sleepwear, and hosiery.

Further Reading: Sell-Side Analysts

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