Federated Hermes Inc. decreased its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 31.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 496,444 shares of the company's stock after selling 224,290 shares during the quarter. Federated Hermes Inc. owned about 0.60% of YETI worth $16,432,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in YETI. Pinebridge Investments L.P. boosted its stake in YETI by 42.7% in the 4th quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after buying an additional 11,391 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of YETI by 1,172.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock worth $609,000 after acquiring an additional 14,565 shares during the period. Homestead Advisers Corp lifted its holdings in shares of YETI by 15.2% during the 1st quarter. Homestead Advisers Corp now owns 95,300 shares of the company's stock worth $3,154,000 after acquiring an additional 12,600 shares during the period. Boothbay Fund Management LLC lifted its holdings in shares of YETI by 983.0% during the 4th quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after acquiring an additional 109,803 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of YETI by 44.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company's stock worth $10,627,000 after acquiring an additional 98,884 shares during the period.
YETI Stock Up 3.0%
NYSE YETI traded up $1.09 during mid-day trading on Monday, reaching $37.02. 1,989,820 shares of the company's stock traded hands, compared to its average volume of 2,466,668. The company has a current ratio of 2.58, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a fifty day simple moving average of $32.69 and a 200-day simple moving average of $32.97. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 3.10 and a beta of 1.84.
YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.34 earnings per share. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Citigroup lifted their price objective on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 price target on shares of YETI in a research report on Monday, May 5th. Finally, Robert W. Baird dropped 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. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $39.47.
View Our Latest Stock Analysis on YETI
About YETI
(
Free Report)
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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