California Public Employees Retirement System Sells 7,944 Shares of YETI Holdings, Inc. (NYSE:YETI)

California Public Employees Retirement System cut its stake in shares of YETI Holdings, Inc. (NYSE:YETIGet Rating) by 4.5% in the second quarter, Holdings Channel reports. The fund owned 169,424 shares of the company’s stock after selling 7,944 shares during the period. California Public Employees Retirement System’s holdings in YETI were worth $7,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. Lindenwold Advisors raised its holdings in shares of YETI by 6.1% in the first quarter. Lindenwold Advisors now owns 3,816 shares of the company’s stock valued at $229,000 after buying an additional 221 shares during the last quarter. Signaturefd LLC raised its holdings in shares of YETI by 61.4% in the first quarter. Signaturefd LLC now owns 581 shares of the company’s stock valued at $35,000 after buying an additional 221 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of YETI by 1.6% in the second quarter. Sumitomo Life Insurance Co. now owns 17,696 shares of the company’s stock valued at $766,000 after buying an additional 271 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in shares of YETI by 7.2% in the first quarter. Beacon Pointe Advisors LLC now owns 4,189 shares of the company’s stock valued at $251,000 after buying an additional 280 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. raised its holdings in shares of YETI by 67.0% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. 99.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Piper Sandler lifted their price target on YETI from $48.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 11th. Stifel Nicolaus cut their price target on YETI from $48.00 to $43.00 in a report on Friday, August 5th. Raymond James lifted their price objective on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, November 11th. Morgan Stanley lowered their price objective on YETI from $60.00 to $52.00 and set an “equal weight” rating for the company in a research report on Monday, August 8th. Finally, Jefferies Financial Group lowered their price objective on YETI from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, YETI has an average rating of “Moderate Buy” and a consensus target price of $59.00.

YETI Price Performance

Shares of YETI opened at $41.04 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.74 and a current ratio of 2.34. The stock has a 50 day simple moving average of $33.48 and a 200 day simple moving average of $40.50. YETI Holdings, Inc. has a 52-week low of $27.86 and a 52-week high of $98.58. The firm has a market capitalization of $3.54 billion, a PE ratio of 19.00, a P/E/G ratio of 1.24 and a beta of 2.46.

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.

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Institutional Ownership by Quarter for YETI (NYSE:YETI)

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