Teacher Retirement System of Texas Sells 2,446 Shares of YETI Holdings, Inc. (NYSE:YETI)

Teacher Retirement System of Texas lowered its position in YETI Holdings, Inc. (NYSE:YETI) by 6.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,362 shares of the company’s stock after selling 2,446 shares during the period. Teacher Retirement System of Texas’ holdings in YETI were worth $1,204,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of YETI. Jones Financial Companies Lllp boosted its holdings in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in YETI by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock worth $29,790,000 after buying an additional 39,709 shares during the period. Atria Investments Inc boosted its holdings in YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after buying an additional 328 shares during the period. M&T Bank Corp bought a new position in YETI in the 4th quarter worth $305,000. Finally, Proficio Capital Partners LLC bought a new position in YETI in the 4th quarter worth $1,363,000.

YETI Price Performance

Shares of YETI opened at $32.08 on Friday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.85. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average of $30.87 and a two-hundred day moving average of $33.19.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $347.72 million. During the same period in the previous year, the firm posted $0.34 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Raymond James Financial dropped their price objective on shares of YETI from $50.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, May 9th. Robert W. Baird dropped their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, April 11th. UBS Group dropped their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group dropped their price objective on shares of YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.40.

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.