Ensign Peak Advisors Inc Sells 41,620 Shares of YETI Holdings, Inc. (NYSE:YETI)

Ensign Peak Advisors Inc decreased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 57.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,873 shares of the company’s stock after selling 41,620 shares during the quarter. Ensign Peak Advisors Inc’s holdings in YETI were worth $1,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of YETI. Crewe Advisors LLC acquired a new stake in shares of YETI during the first quarter valued at about $27,000. Versant Capital Management Inc raised its holdings in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after buying an additional 709 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in YETI during the 1st quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC bought a new stake in YETI during the 2nd quarter worth approximately $42,000. Finally, Headlands Technologies LLC acquired a new position in YETI in the 1st quarter valued at approximately $76,000.

YETI Stock Up 0.7 %

YETI stock opened at $40.68 on Friday. The company has a market capitalization of $3.47 billion, a PE ratio of 20.24, a PEG ratio of 1.13 and a beta of 2.11. YETI Holdings, Inc. has a 12-month low of $33.88 and a 12-month high of $54.15. The firm’s fifty day moving average is $39.46 and its 200 day moving average is $38.92. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

A number of brokerages have recently commented on YETI. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price target on shares of YETI in a report on Monday, September 9th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target on shares of YETI in a research report on Tuesday, July 30th. Roth Mkm raised their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research 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 research note on Thursday, July 18th. Finally, B. Riley increased their target price on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.43.

About YETI

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.