Arizona State Retirement System Has $1.26 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Arizona State Retirement System cut its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,247 shares of the company’s stock after selling 424 shares during the period. Arizona State Retirement System’s holdings in YETI were worth $1,256,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC increased its stake in shares of YETI by 41.4% during the 3rd quarter. Gotham Asset Management LLC now owns 122,399 shares of the company’s stock worth $5,902,000 after purchasing an additional 35,822 shares during the last quarter. Aigen Investment Management LP acquired a new position in YETI in the 3rd quarter valued at about $1,286,000. Invesco Ltd. grew its stake in YETI by 13.9% in the 3rd quarter. Invesco Ltd. now owns 215,216 shares of the company’s stock valued at $10,378,000 after buying an additional 26,262 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in YETI by 393.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 146,857 shares of the company’s stock valued at $7,081,000 after buying an additional 117,089 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in YETI in the 3rd quarter valued at about $2,901,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on YETI shares. Raymond James decreased their price target on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group decreased their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. Canaccord Genuity Group lowered shares of YETI from a “buy” rating to a “hold” rating and increased their target price for the stock from $49.00 to $50.00 in a research report on Thursday, January 4th. B. Riley restated a “neutral” rating and set a $42.00 target price on shares of YETI in a research report on Friday, February 16th. Finally, Stifel Nicolaus decreased their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, YETI currently has a consensus rating of “Hold” and an average price target of $48.29.

YETI Stock Performance

Shares of YETI stock opened at $37.86 on Monday. The company has a 50 day moving average of $39.71 and a 200-day moving average of $43.10. YETI Holdings, Inc. has a 1-year low of $34.70 and a 1-year high of $54.15. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.23 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 1.48 and a beta of 2.29.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. During the same period last year, the company posted $0.75 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that YETI Holdings, Inc. will post 2.27 earnings per share for the current fiscal year.

YETI 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.