Arizona State Retirement System increased its stake in YETI Holdings, Inc. (NYSE:YETI – Get Rating) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,316 shares of the company’s stock after purchasing an additional 902 shares during the period. Arizona State Retirement System’s holdings in YETI were worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can raised its position in YETI by 81.6% during the 1st quarter. Bank of Montreal Can now owns 48,500 shares of the company’s stock worth $3,082,000 after buying an additional 21,789 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in YETI by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,120 shares of the company’s stock worth $1,927,000 after buying an additional 3,063 shares during the last quarter. BlackRock Inc. raised its position in YETI by 1.2% during the 1st quarter. BlackRock Inc. now owns 7,372,620 shares of the company’s stock worth $442,208,000 after buying an additional 90,088 shares during the last quarter. Yousif Capital Management LLC raised its position in YETI by 1.0% during the 1st quarter. Yousif Capital Management LLC now owns 47,220 shares of the company’s stock worth $2,832,000 after buying an additional 471 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in YETI by 24.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 629,304 shares of the company’s stock worth $37,759,000 after buying an additional 122,810 shares during the last quarter. 94.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on YETI. Raymond James lifted their target price on shares of YETI from $45.00 to $48.00 in a report on Friday. Piper Sandler cut their target price on shares of YETI from $57.00 to $55.00 in a report on Friday, February 17th. Credit Suisse Group cut their target price on shares of YETI from $62.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, February 24th. Roth Capital reaffirmed a “neutral” rating on shares of YETI in a report on Wednesday, February 22nd. Finally, Canaccord Genuity Group dropped their price target on shares of YETI from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, YETI presently has an average rating of “Moderate Buy” and a consensus price target of $53.31.
YETI Trading Down 5.4 %
YETI (NYSE:YETI – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.75. The firm had revenue of $486.41 million for the quarter, compared to analyst estimates of $491.03 million. YETI had a net margin of 5.62% and a return on equity of 38.14%. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.02 earnings per share for the current year.
YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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