Yousif Capital Management LLC Decreases Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Yousif Capital Management LLC cut its position in YETI Holdings, Inc. (NYSE:YETI) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,009 shares of the company’s stock after selling 824 shares during the quarter. Yousif Capital Management LLC’s holdings in YETI were worth $960,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in YETI. Empowered Funds LLC bought a new position in YETI during the 4th quarter valued at $357,000. Allspring Global Investments Holdings LLC boosted its stake in YETI by 2.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 61,397 shares of the company’s stock valued at $2,304,000 after acquiring an additional 1,625 shares during the last quarter. Rhumbline Advisers boosted its stake in YETI by 0.3% during the 4th quarter. Rhumbline Advisers now owns 237,967 shares of the company’s stock valued at $9,164,000 after acquiring an additional 669 shares during the last quarter. Principal Securities Inc. boosted its stake in YETI by 305.5% during the 4th quarter. Principal Securities Inc. now owns 5,421 shares of the company’s stock valued at $209,000 after acquiring an additional 4,084 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price objective on shares of YETI from $41.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Stifel Nicolaus dropped their target price on shares of YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Piper Sandler dropped their target price on shares of YETI from $52.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. Finally, UBS Group dropped their target price on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and an average target price of $39.40.

YETI Stock Down 0.8%

YETI stock opened at $29.27 on Thursday. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The firm’s 50-day simple moving average is $29.80 and its 200 day simple moving average is $34.46. The stock has a market cap of $2.42 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.54 and a beta of 1.88.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.59% and a return on equity of 26.48%. The business had revenue of $351.13 million for the quarter, compared to analysts’ expectations of $347.72 million. During the same quarter last year, the company earned $0.34 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.