YETI Holdings, Inc. (NYSE:YETI) Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC lessened its position in YETI Holdings, Inc. (NYSE:YETI) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 445,961 shares of the company’s stock after selling 8,510 shares during the period. YETI makes up 1.1% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 27th biggest position. Wilkinson Global Asset Management LLC owned approximately 0.52% of YETI worth $17,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in YETI by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock valued at $928,000 after purchasing an additional 468 shares during the period. Versor Investments LP purchased a new stake in YETI in the 2nd quarter worth about $385,000. nVerses Capital LLC boosted its position in YETI by 183.3% during the 2nd quarter. nVerses Capital LLC now owns 3,400 shares of the company’s stock worth $130,000 after acquiring an additional 2,200 shares during the period. Commonwealth Equity Services LLC grew its stake in YETI by 17.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock valued at $716,000 after acquiring an additional 2,769 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of YETI by 0.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 92,619 shares of the company’s stock valued at $3,533,000 after purchasing an additional 547 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on YETI. Citigroup lowered their price objective on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Piper Sandler restated an “overweight” rating and set a $54.00 price target on shares of YETI in a report on Tuesday, July 30th. KeyCorp increased their price objective on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Bank of America raised YETI from a “neutral” rating to a “buy” rating and raised their price target for the stock from $46.00 to $55.00 in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, YETI has a consensus rating of “Hold” and a consensus target price of $46.29.

YETI Stock Performance

Shares of NYSE YETI traded down $0.67 during trading hours on Friday, hitting $37.31. 1,574,287 shares of the company’s stock were exchanged, compared to its average volume of 1,605,136. The company’s 50-day moving average price is $39.30 and its 200-day moving average price is $38.98. YETI Holdings, Inc. has a 1-year low of $33.88 and a 1-year high of $54.15. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.16 and a beta of 2.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, sell-side analysts expect that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal 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.