Swiss National Bank Sells 2,000 Shares of YETI Holdings, Inc. $YETI

Swiss National Bank trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,400 shares of the company’s stock after selling 2,000 shares during the period. Swiss National Bank owned approximately 0.20% of YETI worth $5,442,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of YETI during the 1st quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in YETI in the 1st quarter worth about $34,000. GeoWealth Management LLC purchased a new stake in YETI in the 4th quarter worth about $48,000. LRI Investments LLC purchased a new stake in YETI in the 1st quarter worth about $65,000. Finally, Sterling Capital Management LLC increased its holdings in YETI by 45.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,993 shares of the company’s stock worth $154,000 after acquiring an additional 1,252 shares during the last quarter.

YETI Price Performance

NYSE YETI opened at $34.43 on Tuesday. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a market capitalization of $2.80 billion, a P/E ratio of 16.40, a PEG ratio of 2.77 and a beta of 1.84. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $33.48 and a 200-day moving average price of $32.72.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm had revenue of $445.89 million for the quarter, compared to analysts’ expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 earnings per share. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

YETI has been the subject of several recent research reports. Raymond James Financial reissued an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Citigroup raised their target price on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Piper Sandler cut their target price on YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Canaccord Genuity Group lifted their price target on YETI from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Morgan Stanley reiterated a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and an average price target of $38.54.

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.