YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,500 shares of the company’s stock after selling 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in YETI were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of YETI. SG Americas Securities LLC increased its position in YETI by 259.4% during the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after purchasing an additional 15,280 shares during the period. BOKF NA grew its holdings in YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after acquiring an additional 18,113 shares during the period. Janus Henderson Group PLC raised its position in YETI by 65.8% in the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock worth $2,630,000 after acquiring an additional 27,076 shares in the last quarter. Quantbot Technologies LP acquired a new stake in YETI in the first quarter valued at $880,000. Finally, BNP Paribas Financial Markets boosted its position in shares of YETI by 319.4% during the 1st quarter. BNP Paribas Financial Markets now owns 158,092 shares of the company’s stock worth $6,094,000 after purchasing an additional 120,397 shares in the last quarter.

YETI Stock Up 0.6 %

Shares of NYSE YETI opened at $35.42 on Monday. The firm’s 50 day moving average price is $39.01 and its 200 day moving average price is $39.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The firm has a market cap of $3.00 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.02 and a beta of 2.12. YETI Holdings, Inc. has a 1 year low of $33.88 and a 1 year high of $54.15.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. As a group, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and set a $54.00 price target on shares of YETI in a research report on Tuesday, July 30th. Roth Mkm upped their price target on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Jefferies Financial Group lifted their price objective on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, YETI currently has an average rating of “Hold” and a consensus price target of $46.77.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.