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Executive Vice President and Chief Financial and Growth Officer…
On May 8, 2024, Harmit SinghExecutive Vice President and Chief Financial and Growth Officer of Levi Strauss & Co (NYSE:LEVI), executed a significant share sale. The insider sold 629 thousand shares of the company, as detailed in the SEC Filing. This transaction is part of a broader trend seen over the past year where Levi Strauss & Co saw 14 insider sales and just 1 insider purchase.
Levi Strauss & Co, known for its iconic denim products, operates globally, offering jeans, casual and dress pants, tops, shorts, skirts, jackets, footwear and related accessories for men, women and children.
On the date of the sale, Levi Strauss & Co shares were priced at US$22.1. The company market value was approximately US$9.03 billion. O price-earnings ratio was recorded at 74.12, significantly above the industry median of 19.645 and the company’s historical median.
According to FG Value, Levi Strauss & Co is considered modestly overvalued with a GF price-to-value ratio of 1.24. GF Value is a measure of intrinsic value and is calculated based on historical trading multiples, an adjustment factor based on past returns and growth, and future estimates of business performance.
Insider Selling in Levi Strauss & Co (LEVI): EVP and Chief Financial and Growth Officer Harmit Singh Sells Shares
Insider Selling in Levi Strauss & Co (LEVI): EVP and Chief Financial and Growth Officer Harmit Singh Sells Shares
This recent insider transaction may be of interest to investors who track insider behavior and evaluate stock valuation metrics relative to its current market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not personalized financial advice. Our comments are based on historical data and analyst projections using an unbiased methodology and are not intended to serve as specific investment advice. It does not make a recommendation to purchase or dispose of any shares and does not consider individual investment objectives or financial circumstances. Our goal is to provide data-driven, long-term fundamental analysis. Please be aware that our analysis may not incorporate the latest price-sensitive company announcements or qualitative information. GuruFocus does not hold any position in the stocks mentioned here.
This article first appeared in GuruFocus.