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MarketScreener Homepage  >  Equities  >  Nyse  >  Levi Strauss & Co.    LEVI

LEVI STRAUSS & CO.

(LEVI)
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Business Leaders Urge Senate to Pass Gun Legislation in Letter

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09/12/2019 | 08:40am EDT

By Micah Maidenberg

Chief executives of dozens of companies ranging from Levi Strauss & Co. to Uber Technologies Inc. sent a letter to members of the Senate asking them to pass new legislation to prevent gun violence.

The letter asks Senators to pass legislation requiring background checks on gun sales and said failing to take action on the issue is unacceptable, a copy of the letter received by The Wall Street Journal shows.

"We are writing to you because we have a responsibility and obligation to stand up for the safety of our employees, customers and all Americans in the communities we serve across the country," the letter says.

Signatories to the letter include the CEOs of Uber and Levi Strauss, as well as Lyft Inc., Royal Carribbean Cruises Ltd. and warehouse company Prologis Inc.

In February, members of the House passed legislation that expanded background checks to nearly all gun sales.

On Tuesday, Senate Majority Leader Mitch McConnell (R., Ky.) said the Senate would take up gun legislation that he said President Trump would sign.

The letter from the chief executives also urged senators to back so-called red-flag legislation. At the state level, red-flag bills allow courts to temporarily take guns from people deemed dangerous.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
LEVI STRAUSS & CO. -3.07% 18 Delayed Quote.0.00%
LYFT INC -1.89% 46.1 Delayed Quote.0.00%
PROLOGIS INC 0.18% 84.19 Delayed Quote.43.38%
UBER TECHNOLOGIES INC -2.41% 33.25 Delayed Quote.0.00%
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Financials (USD)
Sales 2019 5 808 M
EBIT 2019 602 M
Net income 2019 394 M
Debt 2019 78,3 M
Yield 2019 1,43%
P/E ratio 2019 18,6x
P/E ratio 2020 15,4x
EV / Sales2019 1,23x
EV / Sales2020 1,10x
Capitalization 7 065 M
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Mean consensus BUY
Number of Analysts 8
Average target price 23,13  $
Last Close Price 18,00  $
Spread / Highest target 55,6%
Spread / Average Target 28,5%
Spread / Lowest Target 5,56%
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Managers
NameTitle
Charles Victor Bergh President, Chief Executive Officer & Director
Stephen C. Neal Chairman
Harmit J. Singh Chief Financial Officer & Executive Vice President
Peter E. Haas Director
Patricia Salas Pineda Director
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