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David Jedrzejek, SVP and General Counsel at Levi Strauss & Co (NYSE:LEVI), sold 461 shares of Class A Common Stock on June 23, 2025, at a price of $18.00, totaling $8,298.
Following the transaction, Jedrzejek directly owns 103,143 shares of Levi Strauss & Co. The sale was executed under a pre-arranged Rule 10b5-1 trading plan.
In other recent news, Levi Strauss & Co. has announced the sale of its Dockers brand to Authentic Brands Group for an initial $311 million, with the possibility of the total amount reaching $391 million based on performance earnouts. This move is part of Levi’s strategy to focus on its core business and expand its direct-to-consumer approach. The sale is expected to close by July 31, 2025, for operations in the U.S. and Canada, with the rest finalizing by January 31, 2026. Levi plans to use approximately $100 million from the sale proceeds for share repurchases, which analysts like Stifel believe will enhance the company’s earnings. UBS and Stifel both maintain a Buy rating on Levi’s stock, with a $20 price target, viewing the sale as a positive step for Levi’s growth and profitability. UBS anticipates an 11% compound annual growth rate in earnings per share from 2024 to 2029, while Stifel highlights the potential for mid-single-digit organic revenue growth. The analysts’ assessments underscore the strategic alignment of Levi’s initiatives with its long-term growth objectives.
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