Vanguard Group Inc. Sells 39,753 Shares of YETI Holdings, Inc. $YETI

Vanguard Group Inc. lessened its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 0.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,013,200 shares of the company’s stock after selling 39,753 shares during the period. Vanguard Group Inc. owned 9.68% of YETI worth $265,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Westwood Holdings Group Inc. boosted its holdings in shares of YETI by 23.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,193,043 shares of the company’s stock valued at $39,490,000 after buying an additional 229,709 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of YETI in the 1st quarter worth about $25,000. Baker Avenue Asset Management LP purchased a new position in shares of YETI in the 1st quarter worth about $209,000. Alberta Investment Management Corp raised its position in shares of YETI by 19.9% in the 1st quarter. Alberta Investment Management Corp now owns 25,512 shares of the company’s stock worth $844,000 after purchasing an additional 4,240 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new position in shares of YETI in the 1st quarter worth about $625,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on YETI shares. Cowen reaffirmed a “hold” rating on shares of YETI in a research report on Friday, August 8th. Canaccord Genuity Group lifted their price target on YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Piper Sandler lowered their price target on YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. UBS Group boosted their target price on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group decreased their target price on YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $38.54.

YETI Trading Up 1.3%

YETI stock opened at $34.43 on Tuesday. The business has a 50-day simple moving average of $33.48 and a two-hundred day simple moving average of $32.72. The company has a market cap of $2.80 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.77 and a beta of 1.84. YETI Holdings, Inc. has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

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