YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lowered its stake in YETI Holdings, Inc. (NYSE:YETIGet Rating) by 32.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,122 shares of the company’s stock after selling 1,521 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in YETI were worth $187,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of YETI. National Bank of Canada FI purchased a new stake in YETI during the fourth quarter worth about $335,000. Van ECK Associates Corp increased its stake in YETI by 21.2% during the fourth quarter. Van ECK Associates Corp now owns 2,038 shares of the company’s stock worth $169,000 after purchasing an additional 356 shares during the period. Janney Montgomery Scott LLC increased its stake in YETI by 1.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 27,560 shares of the company’s stock worth $2,283,000 after purchasing an additional 517 shares during the period. State of Michigan Retirement System increased its stake in YETI by 1.4% during the fourth quarter. State of Michigan Retirement System now owns 22,200 shares of the company’s stock worth $1,839,000 after purchasing an additional 300 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in YETI by 3.3% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 46,803 shares of the company’s stock worth $3,877,000 after purchasing an additional 1,503 shares during the period. Institutional investors and hedge funds own 96.33% of the company’s stock.

YETI Price Performance

YETI stock opened at $50.77 on Monday. The company has a market capitalization of $4.37 billion, a P/E ratio of 21.70, a PEG ratio of 1.09 and a beta of 2.46. YETI Holdings, Inc. has a twelve month low of $38.77 and a twelve month high of $108.82. The business has a 50 day simple moving average of $45.65 and a 200-day simple moving average of $54.04. The company has a current ratio of 1.82, a quick ratio of 0.64 and a debt-to-equity ratio of 0.20.

YETI (NYSE:YETIGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $293.63 million during the quarter, compared to the consensus estimate of $290.13 million. YETI had a return on equity of 47.22% and a net margin of 14.26%. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

YETI has been the topic of a number of recent research reports. Cowen cut their price target on shares of YETI to $59.00 in a research note on Monday, July 25th. The Goldman Sachs Group cut their target price on shares of YETI from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. UBS Group upped their target price on shares of YETI to $53.00 in a research note on Friday, July 22nd. Cowen cut their target price on shares of YETI from $89.00 to $71.00 in a research note on Thursday, May 12th. Finally, Robert W. Baird cut their target price on shares of YETI from $90.00 to $70.00 in a research note on Thursday, May 12th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.44.

YETI Company Profile

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

See Also

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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