Blair William & Co. IL Sells 9,599 Shares of YETI Holdings, Inc. (NYSE:YETI)

Key Points

• Blair William & Co. IL reduced its stake in YETI Holdings, Inc. by 2.4% during the first quarter, now owning approximately 385,000 shares valued at $12.74 million.
• YETI reported an earnings per share of $0.31 for the last quarter, exceeding analysts' estimates and marking a 2.8% increase in revenue year-over-year.
• Analyst ratings for YETI show a mix of opinions, with a consensus rating of "Hold" and a target price averaging $39.47.

Blair William & Co. IL cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,000 shares of the company's stock after selling 9,599 shares during the period. Blair William & Co. IL owned approximately 0.47% of YETI worth $12,744,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in YETI. Wasatch Advisors LP lifted its position in shares of YETI by 0.9% during the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after acquiring an additional 51,443 shares during the last quarter. Gates Capital Management Inc. acquired a new stake in shares of YETI during the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP lifted its holdings in shares of YETI by 1.5% during the fourth 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. boosted its position 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 period. Finally, Nuveen Asset Management LLC boosted its position 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 period.

YETI Price Performance

Shares of YETI traded down $3.75 during mid-day trading on Thursday, reaching $32.69. The company had a trading volume of 7,709,962 shares, compared to its average volume of 2,537,401. The company's 50-day moving average is $33.16 and its 200-day moving average is $32.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47. The company has a market capitalization of $2.71 billion, a P/E ratio of 15.71, a P/E/G ratio of 3.14 and a beta of 1.84. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25.

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, beating analysts' consensus estimates of $0.54 by $0.12. YETI had a return on equity of 26.48% and a net margin of 9.59%. The company had revenue of $445.89 million during the quarter, compared to analysts' expectations of $461.73 million. During the same period last year, the business earned $0.70 earnings per share. The business's revenue was down 3.8% on a year-over-year basis. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Wall Street Analysts Forecast Growth

YETI has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Stifel Nicolaus reduced their price target 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. Raymond James Financial lowered their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group cut their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Finally, Morgan Stanley raised their target price on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.47.

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.