158,336 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board has acquired **158,336 shares** of YETI Holdings, valued at approximately **$5.24 million**, representing about **0.19%** of the company.
• Recent analyst reports show mixed sentiments, with price targets ranging from **$29.00 to $55.00**, and a consensus rating of **"Hold"** on YETI stock.
• In its latest earnings report, YETI posted **$0.66 earnings per share**, surpassing the expected **$0.54**, though its revenue fell short of forecasts at **$445.89 million**.

Public Sector Pension Investment Board purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 158,336 shares of the company's stock, valued at approximately $5,241,000. Public Sector Pension Investment Board owned about 0.19% of YETI as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Gates Capital Management Inc. purchased a new position in shares of YETI in the 4th quarter valued at approximately $135,356,000. Dimensional Fund Advisors LP grew its stake in shares of YETI by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after purchasing an additional 22,123 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of YETI by 7.7% in the 1st quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock valued at $40,315,000 after purchasing an additional 86,906 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in shares of YETI by 23.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,193,043 shares of the company's stock valued at $39,490,000 after purchasing an additional 229,709 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of YETI by 1.0% in the 4th quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company's stock valued at $42,704,000 after purchasing an additional 10,673 shares during the last quarter.

Analyst Upgrades and Downgrades

YETI has been the topic of several analyst reports. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Piper Sandler reduced their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price target on shares of YETI in a report on Monday, May 5th. Canaccord Genuity Group raised their price target on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group reduced their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $38.54.

YETI Stock Performance

Shares of YETI stock opened at $33.98 on Friday. The stock has a fifty day moving average price of $33.44 and a 200 day moving average price of $32.78. The stock has a market cap of $2.76 billion, a PE ratio of 16.18, a P/E/G ratio of 2.76 and a beta of 1.84. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

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

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