Robert D. Haas, a ten percent owner of Levi Strauss & Co. (NASDAQ:LEVI), sold 202,135 shares of the company’s Class A Common Stock on June 12, 2026. The transactions totaled $4,855,606.
The shares were sold at a weighted average price of $24.0216 per share. The individual sale prices for these shares ranged from $24.00 to $24.31. The Class A Common Stock sold was held indirectly by Mr. Haas as a trustee.The sale comes as Levi Strauss shares trade near their 52-week high of $24.82, following a strong 47% gain over the past year. According to InvestingPro analysis, the stock appears undervalued based on Fair Value calculations, suggesting potential upside remains despite the recent rally.
These Class A shares were acquired through the conversion of Class B Common Stock. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
Following these transactions, Mr. Haas, as a trustee, indirectly holds 25,041,560 shares of Class B Common Stock, though he disclaims beneficial ownership of 23,710,777 of these shares. Additionally, Class B Common Stock is held indirectly by his spouse and by his spouse as trustee, for which Mr. Haas also disclaims beneficial ownership.
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In other recent news, Levi Strauss & Co. reported a notable revenue growth of 9% on a constant-currency basis for the quarter, surpassing its guidance of 4%-5%. The company’s earnings per share reached $0.42, exceeding its forecasted range of $0.35-$0.38. Needham maintained its Buy rating with a $28.00 price target following these results. UBS also raised its price target for Levi Strauss to $34.00, citing the company’s transformation into a global, multi-channel lifestyle brand. TD Cowen increased its price target to $28, highlighting the company’s head-to-toe product expansion as a key driver. Stifel reiterated its Buy rating with a $27.00 price target, noting an acceleration in organic growth trends. Jefferies continues to support Levi Strauss with a Buy rating amid ongoing geopolitical uncertainties. These developments reflect the company’s strategic efforts and positive market reception.
Levi Strauss AFollowAnalyze LEVIIncluded in our AI-picked strategies·Review strategies24.05▲+0.04(+0.15%)Real-time Data·15:57:13·USD1D1W6M1Y5YMaxCreated with Highcharts 11.4.814:0015:0016:0017:0018:0019:0023.752424.2524.5Analyze LEVIThis article was generated with the support of AI and reviewed by an editor. For more information see our T&C.Should you invest $2,000 in LEVI right now?ProPicks AI evaluates LEVI alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if LEVI is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?Flash Sale - Price Goes Up Soon