Baillie Gifford & Co. Has $239.40 Million Stock Position in YETI Holdings, Inc. (NYSE:YETI)

Key Points

• Baillie Gifford & Co. has reduced its stake in YETI Holdings by 6.2%, now holding approximately 7.23 million shares valued at $239.40 million.
• YETI has a consensus price target of $39.47, with a mix of buy and hold ratings from analysts following recent price objective adjustments.
• In its latest earnings report, YETI beat estimates with $0.31 in earnings per share and $351.13 million in revenue, reflecting a year-over-year revenue increase of 2.8%.

Baillie Gifford & Co. reduced its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 7,232,651 shares of the company's stock after selling 479,809 shares during the period. Baillie Gifford & Co. owned about 8.74% of YETI worth $239,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Mystic Asset Management Inc. lifted its stake in YETI by 2.0% in the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company's stock valued at $638,000 after purchasing an additional 375 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in YETI by 1.0% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock worth $1,994,000 after acquiring an additional 497 shares during the last quarter. Assetmark Inc. lifted its position in YETI by 9.7% during the first quarter. Assetmark Inc. now owns 6,421 shares of the company's stock worth $213,000 after acquiring an additional 568 shares during the last quarter. Covestor Ltd lifted its position in YETI by 20.2% during the fourth quarter. Covestor Ltd now owns 3,463 shares of the company's stock worth $133,000 after acquiring an additional 583 shares during the last quarter. Finally, Bridge City Capital LLC lifted its position in YETI by 1.3% during the first quarter. Bridge City Capital LLC now owns 58,887 shares of the company's stock worth $1,949,000 after acquiring an additional 755 shares during the last quarter.

Analysts Set New Price Targets

YETI has been the subject of several research reports. Jefferies Financial Group restated a "buy" rating and set a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. Stifel Nicolaus cut their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Robert W. Baird cut their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley raised their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Piper Sandler cut their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $39.47.

YETI Stock Performance

Shares of NYSE:YETI opened at $36.81 on Friday. The company's 50 day simple moving average is $31.87 and its 200 day simple moving average is $33.03. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 3.42 and a beta of 1.85. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The business had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The firm's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.