Chief Financial and Growth Officer

On May 8, 2024, Harmit Singh, the EVP & Chief Financial & Growth Officer of Levi Strauss & Co (NYSE:LEVI), made headlines with a significant stock sale. The insider sold 629,000 shares of the iconic denim company, as revealed in the SEC Filing. This transaction is part of a larger trend seen over the past year, with Levi Strauss & Co witnessing 14 insider sells and only 1 insider buy.

Levi Strauss & Co, known for its timeless denim products, operates globally, offering a wide range of clothing and accessories for men, women, and children.

At the time of the sale, shares of Levi Strauss & Co were priced at $22.1, with a market cap of approximately $9.03 billion. The company’s price-earnings ratio was recorded at 74.12, significantly higher than both the industry median and the historical median for the company.

According to the GF Value, Levi Strauss & Co is considered Modestly Overvalued, with a price-to-GF-Value ratio of 1.24. The GF Value is a measure of intrinsic value based on historical trading multiples, growth estimates, and future business performance.

This recent insider sale could be of interest to investors monitoring insider activities and evaluating the stock’s valuation metrics against its market performance. As always, investors are advised to conduct thorough research and consider their individual financial circumstances before making any investment decisions.